Which of the Following Statements Is False

question 93

Multiple Choice

Which of the following statements is false?

• A) Proprietorships, partnerships, and corporations are also found in countries that use IFRS.
• B) Non-U.S companies that trade shares in U.S markets must reconcile their accounting with GAAP.
• C) FASB and the IASB are working on a joint project related to the conceptual framework.
• D) GAAP is based on a conceptual framework that is similar to that used to develop IFRS.

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Definitions:

Stated Attitudes

Explicitly expressed opinions or beliefs that an individual communicates about a person, object, or concept.

Inconsistent Behaviors

Actions or reactions that do not align over time or in different situations, often leading to unpredictability.

Attitude-Behavior Inconsistency

The phenomenon where individuals' attitudes do not always predict their behavior accurately.

Broad Attitude

A general perspective or collective mindset an individual holds towards objects, people, or situations, encompassing overall feelings and predispositions.