Which of the Following Is an Advantage of Using Specific

question 35

Multiple Choice

Which of the following is an advantage of using specific pointers instead of words such as "the above mentioned," "the former," and "the latter"?

• A)Clarification of sentence structure
• B)Elimination of awkward references
• C)Replaced camouflaged verbs
• D)Parallelism
• E)Corrected dangling modifiers

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Definitions:

SAB 104

An SEC Staff Accounting Bulletin that provides guidance on revenue recognition to ensure accuracy in financial reporting.

Revenue Recognition

The accounting principle that dictates the process and timing of recognizing revenue in the financial statements, typically when it is earned and realizable.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting in a particular jurisdiction, notably the United States.

Cookie Jar Reserves

Accounting practices where companies set aside reserves during good financial periods to smooth out earnings in future, less favorable periods.