Under International Financial Reporting Standards,two Companies with Identical Operating Results

question 118

True/False

Under International Financial Reporting Standards,two companies with identical operating results may not report identical net incomes.

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Definitions:

Reliability

The degree to which an assessment tool produces stable and consistent results over multiple administrations or observations.

Correlation

A measure of the extent to which two factors vary together, and thus of how well either factor predicts the other.

Single Test

An assessment or examination conducted one time to evaluate a specific skill, knowledge, function, or quality.

Reliability

The degree to which an assessment tool produces stable and consistent results.