Compared to U.S. GAAP, IFRS Tends To

question 59

Multiple Choice

Compared to U.S. GAAP, IFRS tends to:

• A) require fewer disclosures.
• B) allow management to choose between fewer accounting method alternatives.
• C) be the same as U.S. GAAP in all respects.
• D) provide a stricter interpretation of objectivity than in the U.S.

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Definitions:

Parasagittal

A plane or section that is parallel to the sagittal plane but is offset from the midline of the body.

Frontal

Refers to the front part of something, especially the frontal lobe of the human brain which is involved in decision making and problem solving.

Midsaggital

A plane that divides the body or an organ vertically into right and left halves; also known as the median plane.

Midsaggital Plane

An anatomical plane that divides the body or an organ vertically into equal right and left halves; also known as the median plane.