Which of the Following Statements Is FALSE

question 165

Multiple Choice

Which of the following statements is FALSE?

• A)The Securities and Exchange Commission is investigating whether all U.S.public companies should adopt International Financial Reporting Standards.
• B)The advantage of a uniform set of global accounting standards is that financial statements from a U.S.company will be comparable to those of a foreign company.
• C)In the long run,a uniform set of global accounting standards will reduce the costs of doing business globally.
• D)With a uniform set of global accounting standards,companies will have to produce multiple versions of their financial statements.

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Definitions:

Role Socialization

The process of learning the norms and behaviors associated with a particular social role within society.

Gender Schemas

Cognitive structures that reflect the perceived societal expectations and beliefs about gender roles and behaviors.

Transgender

When a person’s gender identity and/or gender expression differs from the sex assigned at birth.

Biological Sex

The physical aspects of a person’s sex.