a. Financial statements must provide a neutral scorecard of the effective of transactions
b. Cost of transaction exist whether or not the financial accounting standard board mandate their recognition in financial statement
c. In the United States standard setting is in the private sector comments
d. Few if any accounting standard are without some economics impact
A formal introduction.Answers to questions (a) through (d) of the case, focusing on the role of accounting standard setting in the private sector.A conclusion.2-3 pages longAPA citation
