Which of the Following Is Not One of the Four

question 103

Multiple Choice

Which of the following is not one of the four general recognition criteria under U.S. GAAP?

• A) relevant
• B) measurable
• C) reliable
• D) material

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Definitions:

Income Redistribution

The transfer of income, wealth, or resources from some individuals to others by means of a social policy or mechanism.

Special-Interest Issue

Matters that are of specific concern to a particular group or sector, affecting them directly.

Well-Organized Interest Group

A group of individuals or entities that is efficiently structured to promote and achieve specific common interests or goals.

Political Corruption

The abuse of public power, office, or resources by government officials for personal gain.