Which of the Following Is Not One of Methods Used

question 26

Multiple Choice

Which of the following is not one of methods used by GAAP for treating value changes?

• A) Recognize value changes on the balance sheet and income statement when they are realized in a market transaction
• B) Recognize value changes in the income statement when the value changes occur over time, but recognize them on the balance sheet when they are realized in a market transaction
• C) Recognize value changes on the balance sheet when the value changes occur over time, but recognize them in the income statement when they are realized in a market transaction
• D) Recognize value changes on the balance sheet and income statement when they occur over time, even though they are not realized in a market transaction

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Definitions:

Social Media

Digital platforms that enable users to create, share, or exchange information, ideas, pictures, and videos in virtual communities and networks.

Basic Business Transactions

Fundamental economic exchanges that occur in business, such as buying, selling, and trading goods or services, which constitute the core activities of any commercial entity.

Data Collection

The process of gathering and measuring information on targeted variables in an established systematic fashion, enabling one to answer relevant questions and evaluate outcomes.

DBS

May refer to Database Systems, which are software applications designed to manage, manipulate, and query structured data stored in databases.