Which Are the Three Factors That Affect the Accounting Choices

question 30

Multiple Choice

Which are the three factors that affect the accounting choices made by management?

• A)Constraints, facts, GAAP, IFRS
• B)Constraints, facts, objectives
• C)IFRS, facts, legislation
• D)Facts, objectives, legislation

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Definitions:

Rhomboideus Major

A muscle in the back that is involved in moving the shoulder blades and supporting the arm.

Supination

Rotation of the forearm (when the forearm is parallel to the ground) so that the anterior surface is up (supine).

Brachioradialis

A muscle of the forearm that flexes the forearm at the elbow, especially when the forearm is in a midposition between pronation and supination.

Biceps Brachii

A muscle of the upper arm that flexes the elbow and rotates the forearm, consisting of two heads that join on the radius.