GAAP, Compared to IFRS, Tends to Be More

question 34

Multiple Choice

GAAP, compared to IFRS, tends to be more

• A)simple in accounting requirements.
• B)rules-based.
• C)principles-based.
• D)simple in disclosures requirements.
• IFRS

---

Definitions:

Memory Sin

An error in the recall or recognition of information stored in memory.

Resistance to Depression

Refers to an individual's ability to withstand or bounce back from depressive states due to various factors including genetic predisposition, coping strategies, and environmental support.

Motivated Forgetting

Motivated forgetting is the process by which individuals intentionally or subconsciously avoid remembering distressing memories, thoughts, or feelings.

Synonymous

Having the same or nearly the same meaning as another word or phrase in the same language.