All of the Following Are Factors Contributing to the Trend

question 128

Multiple Choice

All of the following are factors contributing to the trend for regulators to adopt accounting principles using fair value concepts except:

• A) a greater percentage of total assets existing as receivables and securities.
• B) pressure on regulators to adopt an international set of accounting principles and standards.
• C) hybrid measurement methods within GAAP that conflict with each other.
• D) the ease of applying market values to assets and liabilities.

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Definitions:

Customs

Traditional practices, beliefs, or behaviors that are characteristic of a particular community, society, or culture.

Ted Kaczynski

An American domestic terrorist, also known as the Unabomber, who engaged in a nationwide bombing campaign against people involved with modern technology, motivated by his belief in the negative effects of industrial-technological society.

Alice Walker

An American novelist, short story writer, poet, and social activist known for her novel "The Color Purple."

Mexican American

Describes a person or a cultural group in the United States with ancestral roots in Mexico.