IFRS

question 12

Multiple Choice

IFRS

• A)requires a specific format for the balance sheet (statement of financial position) that is identical to U.S.GAAP.
• B)requires a specific format for the balance sheet (statement of financial position) that is different from U.S.GAAP.
• C)requires no specific format for the balance sheet (statement of financial position) but most companies that follow IFRS prepare the statement identical to U.S.GAAP.
• D)requires no specific format for the balance sheet (statement of financial position) but most companies that follow IFRS prepare the statement in a different format from U.S.GAAP.

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Definitions:

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A technique that can be used to eradicate personal or corporate data from a hard drive before donating or reusing a computer.

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A replaceable component in a laser printer that contains the toner powder used to print text and images on paper.

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End-User License Agreement (EULA) is a legal contract between the licensor and the purchaser, establishing the purchaser's right to use software.