Similar to the Constraints in the FASB's Qualitative Characteristics, the Joint

question 80

Multiple Choice

Similar to the constraints in the FASB's qualitative characteristics, the joint IASB/FASB boards have identified which constraint

• A) consistency
• B) benefits that justify the costs
• C) materiality
• D) objectivity

---

Definitions:

Semi-open Adoption

A type of adoption where there is some level of contact or exchange of information between the adoptive and biological parents, but direct communication is typically mediated or facilitated through a third party.

Biological Parent

A parent who has contributed to the genetic constitution of a child.

Economic Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Postpone Parenthood

The decision by individuals or couples to delay having children until a later stage in their lives, often for personal, career, or financial reasons.