The Agreement in 2002 by the FASB and IASB to Develop

question 75

Multiple Choice

The agreement in 2002 by the FASB and IASB to develop high quality, compatible accounting standards that could be used by both domestic and cross-border financial reporting was called the

• A) International Accounting Standards agreement
• B) Financial Accounting Standards Board Global agreement
• C) Norwalk agreement
• D) United GAAP agreement

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Definitions:

Ligamentum Arteriosum

Remains of the ductus arteriosus.

Ligamentum Venosus

A fibrous remnant of the fetal ductus venosus that connected the umbilical vein to the inferior vena cava, becoming ligamentous after birth.

APGAR Scores

A quick test performed on a newborn at 1 and 5 minutes after birth to assess the baby's heart rate, respiration, muscle tone, reflex response, and color.

Cervix

The lower part of the uterus in the female reproductive system, connecting the uterus to the vagina.