​Match the Step in the Scientific Method in the Left

question 23

Multiple Choice

​Match the step in the scientific method in the left column with its correct description in the right column.
-A study is designed and conducted to collect relevant data.​

• A)​experiment
• B)​hypothesis & prediction
• C)​observation & question
• D)​results & interpretations
• E)​theory

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Definitions:

International Financial Reporting Standards

A set of accounting standards developed by the International Accounting Standards Board (IASB) that is global in scope.

International Accounting Principles

Frameworks and rules for financial reporting that are accepted or practiced globally, designed to ensure transparency and comparability across international boundaries.

IFRICs

Interpretations issued by the IFRS Interpretations Committee, providing guidance on the application of International Financial Reporting Standards.

IFRS Accounting Policies

The specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements under International Financial Reporting Standards.