Which of the Following Statements Is False

question 68

Multiple Choice

Which of the following statements is false?

• A) GAAP uses the cash basis of accounting.
• B) GAAP requires that revenue and costs must be capable of being measured reliably.
• C) GAAP employs accrual accounting.
• D) GAAP employs the time period assumption.

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Definitions:

Child Development

The biological, psychological, and emotional changes that occur in human beings between birth and the end of adolescence.

Father's Absence

A situation where the father is physically or emotionally absent from the child's life, which can have various impacts on the child's development and psychological health.

Marry First Time

The act of entering into a marriage contract or ceremony for the first time.

Cognitive Development

The progression of learning and acquisition of problem-solving skills and knowledge, from childhood through adulthood.