Differences Between IFRS and U

question 141

Multiple Choice

Differences between IFRS and U.S.GAAP include all of the following except

• A)reversal of inventory write-downs.
• B)extraordinary items.
• C)lease capitalization.
• D)research and development costs.

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Definitions:

Difference Threshold

The minimum difference in stimulation that a person can detect 50% of the time, also known as the just noticeable difference.

Retina

The light-sensitive inner surface of the eye, containing the receptor rods and cones plus layers of neurons that begin the processing of visual information.

Retinal Disparity

A binocular cue for perceiving depth. By comparing retinal images from the two eyes, the brain computes distance— the greater the disparity (difference) between the two images, the closer the object.

Blind Spot

The point at which the optic nerve leaves the eye, creating a “blind” spot because no receptor cells are located there.