In the Textbook Case of Arthur, He Said That He

question 69

Multiple Choice

In the textbook case of Arthur, he said that he had a "secret plan to save all the starving children in the world." After Arthur showed other bizarre behavior and also said he was going to climb the fence of a government building, his parents tried to have him admitted to a psychiatric hospital. They were not able to do that because

• A) he was not considered a danger to himself or others.
• B) he was given medication instead to calm him down.
• C) the hospital staff didn't believe his parents.
• D) his behavior was due to a substance abuse problem.

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Definitions:

Canadian GAAP

Canadian GAAP refers to Generally Accepted Accounting Principles in Canada, which consist of guidelines and standards for financial reporting practices in Canada.

Private Enterprises

Businesses that are owned by private individuals or groups and not publicly traded on a stock exchange, often subject to different regulatory and reporting requirements than public companies.

Disclosed Basis of Accounting

The accounting principles and policies a company openly reports in its financial statements.

GAAP

Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements in the U.S.