Which of the Following Statement Is Correct

question 40

Multiple Choice

Which of the following statement is correct?

• A) IFRS rules are broader based than U.S. or Canadian GAAP.
• B) Canadian accounting rules will be closer to those of the FASB in the next few years than to IFRS.
• C) FASB standards are clearly superior to IFRS.
• D) IFRS expressly prohibits the use of fair values and optional accounting treatments.

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Definitions:

Public Speaking

The act of speaking in front of a live audience with the aim to inform, persuade, or entertain.

Requires Speech

implies a situation, condition, or activity that necessitates verbal communication or the use of spoken language.

Phobic Disorder

An anxiety disorder characterized by an intense and irrational fear of specific objects, activities, or situations.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of everyday life, beyond normal anxiety levels.