Circumstances Where an "Emphasis of a Matter" Paragraph May Be

question 29

Multiple Choice

Circumstances where an "emphasis of a matter" paragraph may be necessary include

• A)an uncertainty relating to the prior outcome of exceptional litigation or regulatory action
• B)early application (where permitted)of a new accounting standard that has a pervasive effect on the financial statements in advance of its effective date
• C)a major catastrophe that has had,or continues to have,a minor effect on the entity's financial position
• D)insignificant transactions with related parties
• E)unusually important subsequent events
• F)both A and C
• G)both B and E
• H)both D and E

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Definitions:

Human Genome

The human genome is the complete set of nucleic acid sequences for humans, embodying all the hereditary information encoded in DNA, including all the genes.

Conditioning

A behavioral process whereby a response becomes more frequent or predictable in a given environment due to reinforcement.

Twin Studies

A research method in which researchers assess hereditary influence by comparing the resemblance of identical twins and fraternal twins on a trait.

Hereditary Influences

The impact of genetic factors inherited from parents on an individual's traits, behavior, and health.