A Construct Is a Latent Concept That Is Measured with a Single

question 14

True/False

A construct is a latent concept that is measured with a single variable.

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Definitions:

IFRS

International Financial Reporting Standards, a set of global accounting guidelines for preparing financial statements.

GAAP

Stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting in the United States.

If Converted Method

An accounting method used to calculate diluted earnings per share, assuming all convertible securities were converted to common stock.

Treasury Stock Method

A method used to compute the number of new shares that could potentially be created by unexercised in-the-money warrants and options, used in the calculation of diluted earnings per share.