During What Year Did the IASB and FASB Reaffirm Their

question 34

Multiple Choice

During what year did the IASB and FASB reaffirm their commitment to achieving convergence of accounting standards in the U.S.?

• A) 2009
• B) 2007
• C) 2002
• D) 2008

---

Definitions:

Public Good

Goods or services that are available for all to consume, regardless of who pays for them, characterized by their non-excludability and non-rivalry in consumption.

National Defense

Public goods provided by the government to protect its citizens and territory from external threats.

School Attendance

The act of being present at school and participating in educational activities, often tracked as an indicator of student engagement and educational access.

Mosquito Control

The management and reduction of mosquito populations to minimize their damage to human health, economies, and enjoyment.