Would a Company Be More Likely to Report a Contingent

question 38

Multiple Choice

Would a company be more likely to report a contingent liability under U.S.GAAP or IFRS?

• A)U.S.GAAP.
• B)IFRS.
• C)Equally likely.
• D)Contingent liabilities are not reported under IFRS.

Use statistical models to identify outliers and influential points in data sets.

Analyze the appropriateness of linear models for different ranges of data.

Understand the implications of residuals analysis on the applicability of linear models.

Critically evaluate the use of statistical data in supporting conclusions.