Which of the Following Is True of Tokyo Agreement of August

question 54

Multiple Choice

Which of the following is true of Tokyo agreement of August 2007?

• A)It is a jointly announced agreement between the Accounting Standards Board of Japan (ASBJ) and Financial Accounting Standards Board (FASB).
• B)It is an agreement announced to eliminate the cross-corporate ownership of companies in Japan.
• C)It is a jointly announced agreement between Japanese Institute of Certified Public Accountants (JICPA) and Japan's Ministry of Finance (MoF).
• D)It was announced to accelerate the process of convergence between Japanese GAAP and IFRS.

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Learned Reaction

A response developed as a result of experience or practice.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.

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A technology that uses radio waves to transmit information, such as sound, by modulation.