Which of the Following Was NOT a Common Argument Against

question 6

Multiple Choice

Which of the following was NOT a common argument against the Accounting Standards Board's proposal that all capital acquisitions be capitalized and amortized?

• A)Capitalization and amortization would be costly to apply.
• B)It would change the nature of the operating statement from one that reflects resources spent to one that reflects resources used.
• C)It would change the nature of the operating statement from one that reflects resources used to one that reflects resources spent.
• D)Small not-for-profit financial statement users are only interested in seeing what money has been spent and what money is left over.

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Definitions:

Anticipated

The expected occurrence or expectation of an event, often used in the context of financial forecasts or income.

Annually

Occurring once every year or relating to a period of one year.

Annually

Annually means once every year.

Investors

Individuals or institutions that allocate capital with the expectation of receiving financial returns, often involving the purchase of securities.