Which If the Following Is an Advantage of Rules-Based Accounting

question 6

Multiple Choice

Which if the following is an advantage of rules-based accounting standards?

• A)Can cover most situations.
• B)Reduced complexity of standards.
• C)Reduced opportunities for earnings management through judgements.
• D)Improve representational faithfulness of financial statements.

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Definitions:

Negative Feeling

An unpleasant or unhappy emotion, such as sadness, anxiety, or anger.

Love Withdrawal

A disciplinary technique where affection or attention is withheld to modify behavior.

Power Assertion

A disciplinary method that involves using power dynamics, such as physical strength and authority, to enforce rules and correct behavior.

Moral Behavior

Actions and decisions that are made based on ethical principles, societal norms, or personal beliefs about what is right and wrong.