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:

Serial Position Effect

A memory effect where items at the beginning and end of a list are more easily recalled than those in the middle.

Grocery Items

Products sold in a grocery store, including food, beverages, household goods, and other consumables.

State-dependent Memory

The phenomenon where information learned in a particular state of consciousness is more easily recalled when in that same state of consciousness.

Drug Influence

The impact that the consumption of drugs can have on an individual's physical and mental health, behavior, and decision-making capabilities.