Under GAAP

question 147

Multiple Choice

Under GAAP

• A) None of these answer choices are correct.
• B) the reporting of extraordinary items is prohibited.
• C) the reporting of changes in accounting principles is different then under IFRS.
• D) the reporting of discontinued items is different then IFRS.

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Definitions:

Fat Cells

Specialized cells in the body that store energy in the form of fat and play a key role in regulating metabolism.

Dendrites

Tree-like extensions at the beginning of a neuron that help increase the surface area for receiving signals from other neural cells.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell.

Nucleus

The central and most important part of an object, movement, or group, forming the basis for its activity and growth; in cells, it's the membrane-bound organelle that contains the genetic material.