Which of the Following Statements About Liabilities Under IFRS in Incorrect

question 83

Multiple Choice

Which of the following statements about liabilities under IFRS in incorrect? Companies sometimes show

• A) liabilities before assets.
• B) long-term liabilities before current assets.
• C) current liabilities netted against current assets.
• D) liabilities in order of magnitude.

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Definitions:

Achievement Motive

Achievement motive is an individual's drive to excel, achieve in relation to a set of standards, or strive to succeed in competitive situations.

Competence Motive

The internal drive to be effective in dealing with the environment and to master the challenges it presents.

Power Motive

A psychological drive to influence or control others, often examined in personality and motivational studies.

James-Lange Theory

A theory of emotion that suggests emotions occur as a result of physiological reactions to events.