IFRS Differ from U

question 9

Multiple Choice

IFRS differ from U.S.GAAP regarding the indirect effects of a change in accounting principle in that IFRS

• A)do not specify when the indirect effects should be reported or what disclosures are required
• B)do not specify when the indirect effects should be reported
• C)do not specify what disclosures are required
• D)specify when the indirect effects should be reported and what disclosures are required

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Definitions:

Motor Development

The progression of muscle control, movement skills, and physical coordination in a person, often focusing on infants and young children.

Cephalocaudal

A pattern of growth in which development begins at the head and progresses downwards towards the feet.

Proximodistal

Describes a pattern of physical and psychological growth and development where development starts at the central part of the body and moves towards the outer parts.

Depressed Brain Activity

Reduced levels of function or activity in areas of the brain, often associated with mood disorders such as depression.