To Be Consistent with International Standards the FASB Has Changed

question 58

True/False

To be consistent with international standards the FASB has changed reporting requirements for redeemable preference share to require it to be reported in the equity section.

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Definitions:

Precognition

The purported capability of foreseeing future events or having knowledge about them before they take place.

Psychokinesis

The purported psychic ability allowing a person to influence a physical system without physical interaction.

Telepathy

The claimed conveyance of data between two individuals without the employment of recognized human sensory pathways or tangible contact.

Clairvoyance

The purported psychic ability to gain information about an object, person, location, or physical event through extrasensory perception.