Which of the Following Is NOT a Short-Term Convergence Topic

question 26

Multiple Choice

Which of the following is NOT a short-term convergence topic that the IASB must address in order to eliminate the reconciliation of accounts prepared under different sets of standards of different countries?

• A) Segment reporting
• B) Accounting for income taxes
• C) Accounting for impairments of assets
• D) Accounting for research and development costs

---

Definitions:

Phosphorus

A reactive, nonmetallic chemical element with the symbol P, essential for life, playing a key role in cellular energy transfer and nucleic acid synthesis.

Sedimentary Rock

Rock formed from the accumulation and compaction of mineral and organic particles on the Earth's surface, often containing fossils.

Primary Consumers

Organisms that directly consume producers, such as plants or algae, and serve as a food source for higher trophic levels in an ecosystem.

Herbivores

Animals that feed primarily on plants or plant material.