In the conceptual framework for financial reporting, what provides "the how the implementation of accounting? OA Elements of financial statements. OB. Objective of financial reporting. OC Qualitative characteristics of accounting information. OD. Recognition, measurement, and disclosure concepts such as assumptions, principles, and constraints. L₂ Click Submit to complete this assessment. The first level in the International Accounting Standards Board's (IASB's) Conceptual Framework: COA OB. OC OD. Identifies recognition, measurement, and disclosure concepts used in establishing and applying accounting standards. Identifies the objective of financial reporting. Includes assumptions, principles, and constraints. Provides the elements of financial statements. In het commercial substance, Alpha Cs traded equipment with a cost of $7,700,000 and book value of $2.500.000 and gave $4,420,000 cack. The old machine had a fair value of $1,170.000 Which of the following journal euros would Alpha Co make in red the exchange? OXF Loss on Disposal AFR0000 330,000 Acedated Depriciation 5,200,000 Equipment 1,700,000 4,420,000 Sach 6.590,000 Accumilated Depreciation. 3,5300,000 12.120,000 6,920,000 2.500,000 4,420,000 7,700,000 4,420,000 OBE OC Equipment OD Equipment. Equipment Equipment Cash Accumulated Depreciation.. Equipment Cash 6,590,000 5,530,000