Generally Accepted Accounting Principles (GAAP)in Canada Were Established By

question 134

Multiple Choice

Generally Accepted Accounting Principles (GAAP) in Canada were established by:

• A)an Italian monk in 1494.
• B)the Canadian Parliament.
• C)CPA Canada
• D)IFRS.

---

Definitions:

Egocentrism

The cognitive inability to differentiate between one's own perspective and another person's perspective, often seen in early childhood development.

Attachment

An emotional tie with another person; shown in young children by their seeking closeness to their caregiver and showing distress on separation.

Adaptive Value

The extent to which a trait or behavior increases the survival and reproductive success of an organism in its environment.

Unfamiliar Animals

Animals that are not commonly known or recognized by individuals, possibly eliciting curiosity or caution.