IFRS Uses Each of the Following Terms to Describe Retained

question 44

Multiple Choice

IFRS uses each of the following terms to describe retained earnings except

• A) accumulated profit or loss.
• B) retained earnings.
• C) retained profits.
• D) share earnings.

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Definitions:

Cognitive Therapy

A form of psychotherapy that emphasizes the role of thinking in how we feel and in what we do, aimed at changing negative patterns of thought.

Major Depressive Disorder

A mental disorder characterized by a persistent and intense feeling of depression that affects how a person feels, thinks, and handles daily activities.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses through gradual exposure to the feared object or situation while practicing relaxation techniques.

Fear of Public Speaking

A common form of anxiety where an individual feels an intense fear of performing or speaking in front of an audience.