Starfish Company (A Company Using U

question 11

Multiple Choice

Starfish Company (a company using U.S. GAAP and LIFO inventory method) is considering changing to IFRS and the FIFO inventory method. How would a comparison of these methods affect Starfish's financials?

• A) During a period of inflation, the current ratio would decrease when IFRS and the FIFO inventory method are used as compared to U.S. GAAP and LIFO.
• B) During a period of inflation, the taxes will decrease when IFRS and the FIFO inventory method are used as compared to U.S. GAAP and LIFO.
• C) During a period of inflation, net income would be greater if IFRS and the FIFO inventory method are used as compared to U.S.GAAP and LIFO.
• D) During a period of inflation, working capital would decrease when IFRS and the FIFO inventory method are used as compared to U.S. GAAP and LIFO.

Identify and understand various facilitative interventions and their purposes.

Master the skill of providing constructive feedback and its significance in facilitation.

Recognize behaviors exhibited by a facilitator and the impact on team dynamics.

Understand the role of gate-keeping and setting norms in facilitating balanced team participation.

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Definitions:

Past Conditioning

The influence of previous experiences and learned behaviors on an individual's current actions and reactions.

Vague Feelings

Indistinct or unclear emotional states not easily defined or understood.

Obsessive-compulsive Disorder

A mental disorder where people feel the need to check things repeatedly, perform certain routines, or have certain thoughts repeatedly.

Systematic Desensitization

A behavior therapy used to reduce clients’ anxiety responses through counterconditioning.