Which of the Given Nations Would Be High-Income Countries (IACs)

question 80

Multiple Choice

Which of the given nations would be high-income countries (IACs) , according to the World Bank?

• A)country C only
• B)countries B, C, and D
• C)countries B, C, D, and E
• D)countries B and C

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Definitions:

Discontinued Operations

Components of a business that have been sold or otherwise disposed of, and which are reported separately in the financial statements to give a clear view of ongoing operations.

Disposal Group

A set of assets and possibly liabilities that a company plans to dispose of in a single transaction or plan.

IFRS Rules

The set of international accounting standards issued by the International Accounting Standards Board (IASB) that dictate how particular types of transactions and other events should be reported in financial statements.

U.S.GAAP

The Generally Accepted Accounting Principles in the United States, a framework of accounting standards, principles, and procedures used to compile financial statements.