The Two Types of Irregular Variations That Are Unpredictable Are

question 75

Short Answer

The two types of irregular variations that are unpredictable are ______________________ and _____________________.

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Definitions:

Market Value

An estimation of the price at which an asset or company could be bought or sold in a current market.

IFRS

International Financial Reporting Standards represent worldwide accounting norms that facilitate the creation of financial statements.

GAAP

Generally Accepted Accounting Principles, a set of rules and standards used for financial reporting and accounting.

Principles-based

An approach that bases decisions on general principles or values rather than specific rules.