The Primary Historical Reason for the FASB Reversing Its Positions

question 49

Multiple Choice

The primary historical reason for the FASB reversing its positions when political pressures occur is:

• A)The cost gathering data was prohibitive.
• B)The difficulties in measurement were too great.
• C)They have no authority in such situations.
• D)The SEC did not support the FASB position.

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Definitions:

Cultural

Relating to the ideas, customs, and social behavior of a society or group of people.

Nursing Intervention

Any action taken by nursing staff to improve or maintain the health condition of patients, including medical care, support, and education.

Anxiety

A mental health condition characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Self-Esteem

An individual's subjective evaluation of their own worth or personal value.