For each of the following eight components of the framework for financial reporting, identify whether the component relates to (i) the demand for financial information from potential users or (ii) the approach the accounting profession is taking to supply information to meet that demand. Complete the table below. Concept Demand/Supply a. User needs b. Measurement criteria C. Assumptions for the preparation of financial statements d. Objectives of financial reporting e. Definitions of the elements of financial statements f. Recognition criteria g. Constraints h. Desirable qualitative characteristics

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A: Hi student Since there are multiple questions, we will answer only first question.

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