The Accounting Guidelines for All Countries Recommend

question 149

Multiple Choice

The accounting guidelines for all countries recommend:

• A)the adoption of IFRS.
• B)the use of cash-basis accounting.
• C)the adoption of ASPE.
• D)the use of accrual accounting.

---

Definitions:

Serous Membrane

A thin layer of tissue that lines certain internal cavities of the body, secreting a serous fluid to reduce friction from muscle movement.

Abdominopelvic Cavity

The combined cavity within the abdominal and pelvic area that houses the majority of the organs of the digestive, excretory, and reproductive systems.

Directional Terms

Terms used to describe the locations of structures or movements of the body in relation to other structures or locations.

Lateral

Relating to, situated at, or extending toward the side; away from the midline of the body.