Which of the Following Is a Difference Between IAS No

question 6

Multiple Choice

Which of the following is a difference between IAS No.7 and SFAS No.95 FASB ASC 230) ?

• A)IAS No.7 requires the use of the direct method
• B)IAS No.7 required the use of the indirect method
• C)IAS No 7 requires the use of the all financial resources concept of funds
• D)IAS No.7 requires extraordinary items be disclosed separately as operating,investing,or financing activities

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Definitions:

Clinical Approach

A method in psychology that involves assessing and treating mental health disorders based on direct observation or interaction with patients.

Factor Analysis

A statistical technique that uncovers the fundamental factors or elements which account for the correlations observed among a collection of variables.

Subjective Bias

The tendency for personal judgments to be influenced by personal beliefs, opinions, and emotions rather than objective facts.

Objective

Not influenced by personal feelings or opinions in considering and representing facts.