The Tendency of the Respondents to Give Answers That May

question 71

Multiple Choice

The tendency of the respondents to give answers that may not be accurate but that may be desirable from a social standpoint is called ________.

• A) interviewer bias
• B) social desirability
• C) nonresponse error
• D) response rate
• E) the fundamental attribution error

Understand the corporate policy implications on subsidiary accounting practices, especially concerning depreciation.

Learn how to handle specific items like bank overdrafts in financial statement conversion between IFRS and U.S. GAAP.

Understand the fundamentals of increases and decreases in asset and liability accounts.

Identify and describe various categories of accounts and their purposes within a company.

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Definitions:

Carrying Value

The book value of an asset or liability on a company's balance sheet, calculated as the asset's original cost minus accumulated depreciation, amortization, or impairment charges.

Investment Income

Income earned from investments such as dividends on stocks, interest on bonds, or rental income from property.

Equity Method

The equity method is an accounting technique used for recording investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investing company’s share of the investee’s profits or losses.

Carrying Value

The original cost of an asset, less any accumulated depreciation, amortization, or impairment costs, representing its value on the balance sheet.