Place These Steps in the Development of an Accounting Standard

question 5

Multiple Choice

Place these steps in the development of an accounting standard by the IASB in the order in which they occur in practice.
i.Developing an exposure draft for public comment
ii.Publishing a discussion paper for public comment
iii.Establishing an advisory committee
iv.Approval by the IASB

• A) i, ii, iii, iv
• B) iii, i, ii, iv
• C) ii, iii, i, iv
• D) iii, ii, i, iv

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Definitions:

Communication

The exchange of information, feelings, or ideas between individuals or groups, using spoken words, written language, or other symbols.

Avoidant-Insecurely Attached

A type of attachment style where individuals tend to maintain their distance from others and have difficulty in establishing close emotional relationships.

Anxious Ambivalent-Insecurely Attached

A type of attachment style characterized by strong emotional ties coupled with anxiety, fear of rejection, and feelings of unworthiness in relationships.

Securely Attached

An attachment category describing babies who typically show distress on separation from the mother in the strange situation test, but who greet her happily on her return, usually seeking comfort by reaching to be picked up. Once reassured, they tend to return to exploring. In Bartholomew’s description of adult attachment categories, describes individuals who expect others to be available and supportive of their needs in close relationships, who are comfortable with emotional closeness, but are also reasonably autonomous.