IFRS, Compared to GAAP, Tends to Be More

question 32

Multiple Choice

IFRS, compared to GAAP, tends to be more

• A)detailed.
• B)rules-based.
• C)principles-based.
• D)full of disclosures requirements.

---

Definitions:

Episodic Memory

The type of long-term memory that involves the recollection of specific events, situations, and experiences, including their contexts and the emotions associated with them.

Implicit Memory

A type of long-term memory that doesn't require conscious thought and is expressed automatically through performance.

Semantic Memory

A branch of long-term memory involved in the storage of general world knowledge, facts, concepts, and meanings.

Short-Term Memory

The component of the cognitive system that is responsible for temporarily holding information available for processing.