Which of the Following Statements Was Not Identified as a Benefit

question 40

Multiple Choice

Which of the following statements was not identified as a benefit of international harmonisation?

• A) It was likely to increase the comparability of financial reports prepared in different countries.
• B) It was likely to improve the quality of financial reporting in Australia to best international practice.
• C) It was likely to reduce the reporting costs for Australia's not-for-profit entities and local governments.
• D) It was likely to allow more meaningful comparisons of the financial performance and financial position of Australian and foreign public sector reporting entities.
• E) It was likely to remove barriers to international capital inflows.

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Definitions:

Cleavage

The process of cell division in the early embryo, leading to the formation of a multicellular structure.

Vegetal Hemisphere

In biology, the lower half of an egg or embryo where the yolk and nutritive tissues are concentrated, opposite to the animal hemisphere.

Animal Hemisphere

The upper half of an egg (in many animals) where most of the cytoplasm is located, opposite the vegetal hemisphere.

Blastula

The blastula is an early stage of embryonic development in animals, characterized by a hollow sphere of cells following the morula stage.