Which of the Following Are the Same Under Both GAAP

question 28

Multiple Choice

Which of the following are the same under both GAAP and IFRS?

• A) The account.
• B) Debit and credit rules.
• C) Steps in the recording process.
• D) All of these answers are correct.
• IFRS.

---

Definitions:

Representative Sample

A sample that is similar to the larger population from which it was drawn.

Modus Ponens

A hypothetical syllogism in which the antecedent premise is affirmed by the consequent premise.

Inductive Argument

A type of reasoning that constructs or evaluates propositions that are abstractions of observations of individual instances.

Generalization

A broad statement or concept obtained by inferring from specific cases.