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:

Comparative Inference

The process of deducing conclusions by comparing different sets of data or information.

Testability

The capability of a hypothesis or theory to be tested, confirmed, or refuted through experimentation or observation.

Comparative Reasoning

The process of evaluating the similarities and differences between two or more entities to draw a conclusion or make a decision.

Comparative Inference

The process of drawing conclusions based on the comparison of different data sets, cases, or instances.