Which of the Following Statements Is/are True About Measurement Equivalence?​

question 2

Multiple Choice

Which of the following statements is/are true about measurement equivalence?​

• A) ​Linguistic equivalence ensures conceptual equivalence.
• B) ​Linguistic equivalence is necessary for conceptual equivalence.
• C) ​Conceptual equivalence ensures metric equivalence.
• D) ​Metric equivalence is necessary for conceptual equivalence.
• E) ​All of the above are true.

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Definitions:

Accelerated Depreciation

A method of depreciation that allows a larger portion of an asset’s cost to be written off in the early years of useful life, decreasing taxable income.

Straight-Line Method

A method of calculating depreciation of an asset that allocates an equal amount of depreciation each year over the asset's useful life.

Financial Accounting

The branch of accounting that focuses on the preparation of financial statements for external users.

Extraordinary Gains and Losses

Unusual and infrequent events that significantly affect a company's financial performance, reported separately on the income statement to provide a clearer picture of ongoing operations.