Which of the Following Is True About IFRS

question 21

Multiple Choice

Which of the following is true about IFRS?

• A)There is a global trend towards using IFRS for reporting purposes,though U.S.companies are not currently required to do so.
• B)The switch to IFRS is required by the Sarbanes-Oxley Act.
• C)IFRS is only slightly different than U.S.GAAP.
• D)The switch to IFRS is cosmetic only-there isn't any real impact on AIS.

Learn the significance of positive endings in bad-news messages.

Grasp the concept of counterproposals to maintain future relationships.

Understand the concept of positioning and how it influences marketing strategies.

Identify and describe the principles of gestalt psychology and its application in consumer behavior.

---

Definitions:

Dramatic Expansion

A rapid and significant increase in size, scope, or scale of an entity or phenomenon, often associated with development or growth.

Republic

A form of government in which power resides in elected individuals representing the citizen body and government leaders exercise power according to the rule of law.

Midpoint

A point that is exactly in the middle between two other points.