An Accounting Principles Board Opinion Was Concerned with Disclosure of Accounting

question 41

Multiple Choice

An Accounting Principles Board Opinion was concerned with disclosure of accounting policies. A singular feature of this particular opinion is that it

• A) Calls for disclosure of every accounting policy followed by a reporting entity
• B) Applies to immaterial items whereas most opinions are concerned solely with material items
• C) Applies also to accounting policy disclosures by not-for-profit entities, whereas most opinions are concerned solely with accounting practices of profit-oriented entities
• D) Prescribes a rigid format for the disclosure of policies to be reported upon

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Definitions:

Preinflated Overlay

A mattress overlay that is inflated prior to use to provide additional support or pressure relief to the patient.

Analgesic

A medication or treatment capable of relieving pain without causing loss of consciousness.

Rotokinetic Bed

A specialized bed that can rotate the patient, often used to improve respiratory function and prevent complications of immobility.

Sensation Of Falling

A common feeling or illusion of dropping, often experienced abruptly while asleep or at the edge of sleep.