Listed Below Are Five Terms Followed by a List of Phrases

question 61

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the most correct term.
-Pro forma disclosure

• A)No journal entry needed, but disclosure is required.
• B)Handled prospectively.
• C)Adjustment to retained earnings of earliest year reported.
• D)Not used for changes in accounting principle.
• E)Information for change in reporting entity.

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Definitions:

Cross-Cultural Issues

Concerns or challenges that arise due to differences in cultural norms, values, and practices among various groups.

Reliability

The stability and consistency in the outcomes provided by a measuring tool over successive time periods.

Two Raters

A method involving two independent evaluators assessing the same performance or work to improve the objectivity and reliability of the evaluation.

Reliability And Accuracy

The consistency and correctness of a test's or measurement's outcomes over repeated applications.