Sheng Ltd ,A Private Company,is Seeking Financing

question 25

Multiple Choice

Sheng Ltd. ,a private company,is seeking financing.Why might it be advantageous for Sheng to use IFRS rather than Accounting Standards for Private Enterprises (ASPE) ?

• A)It is less costly for Sheng to prepare IFRS financial statements.
• B)It will give Sheng the appearance of an international company.
• C)It will lower Sheng's audit fees.
• D)It might enable Sheng to negotiate a lower cost of financing.

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Definitions:

SRS

Simple Random Sampling, a method of sampling where every individual has an equal chance of being selected from a population.

T Procedure

A statistical method used to infer the unknown mean of a population based on a sample mean, especially when the sample size is small.

Non-Normality

A characteristic of a dataset that deviates from the bell-shaped curve associated with a normal distribution, potentially affecting statistical tests.

Skewness

Skewness is a measure of the asymmetry of the probability distribution of a real-valued random variable about its mean, indicating how much the distribution leans towards the left or right.