Which of the Following Is Not a Short-Term Convergence Topic

question 45

Multiple Choice

Which of the following is not a short-term convergence topic that the FASB must address in order to eliminate the reconciliation of accounts prepared under different sets of standards of different countries?

• A) Segment reporting
• B) Accounting for income taxes
• C) Accounting for research and development costs
• D) Accounting for the impairment of assets

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Definitions:

Educational Attainment

The highest level of education an individual has completed, such as high school, undergraduate, or graduate degrees.

Likelihood

The probability or chance that a particular event will occur.

Marriage

A legally and socially sanctioned union between individuals that establishes rights and obligations between them and their children, and society.

Technological Advances

Improvements or innovations in technology that enhance productivity, efficiency, or quality of life.