All of the Following Statements Are True Except

question 39

Multiple Choice

All of the following statements are true except:

• A) The threshold for recording items as liabilities is a lower under IFRS than under U.S.GAAP.
• B) The threshold for recording items as liabilities is a lower under U.S.GAAP than under IFRS.
• C) IFRS requires a liability to be recorded as a present value amount.
• D) Under U.S.GAAP, a contingent item should be recorded as a liability if the loss or outflow is probable and can be reasonably estimated.

---

Definitions:

Receiving

Receiving in communication refers to the process by which an individual perceives and interprets information from a sender.

Self-worth

Self-worth is the value a person assigns to themselves, based on their own beliefs and perceptions about their worthiness and competence.

Defensiveness

Refers to a behavior aimed at protecting oneself from criticism, harm, or other negative outcomes, often manifesting through excuses, justifications, or counterattacks.

Speaking Up

Involves expressing one's opinions or concerns openly in situations, especially to address issues or improve conditions.