Which If the Following Is an Advantage of Rules-Based Accounting

question 17

Multiple Choice

Which if the following is an advantage of rules-based accounting standards?

• A) Reduced complexity of standards
• B) Reduced opportunities for earnings management through judgements
• C) Can cover most situations
• D) Improve representational faithfulness of financial statements

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Definitions:

Lectern

A reading desk, often found in public speaking venues, from which speeches or lectures are given.

Vocabulary

Refers to the set of words known and used by a person in speech and writing.

PowerPoint

A software program designed for creating and delivering presentations with slides that can include text, images, and multimedia.

Laser Pointer

A small handheld device that emits a focused beam of light to highlight points of interest during presentations.