Which of the Following Statements Is NOT True About Anglo-Saxon

question 1

Multiple Choice

Which of the following statements is NOT true about Anglo-Saxon Accounting?

• A) There is a strong reliance on professional judgment.
• B) Financial reporting focuses on the firm with an investor orientation.
• C) There is a strong emphasis on measurement of taxable income.
• D) Principle of fair presentation is predominant in financial reporting.

---

Definitions:

Federal Government

The national government of a federal country, where powers are divided between the central authority and constituent political units (states or provinces).

Freedpeople

Formerly enslaved individuals who were emancipated during and after the American Civil War.

Forty Acres and a Mule

A post-Civil War promise made to African Americans to provide them with farmland and a mule to jump-start their new lives, which was largely unfulfilled.

Black Southern University

Historically black universities located in the Southern United States, established primarily to educate African-American students during segregation.