Which of the Following Organizations Has Recommended That Entities Provide

question 3

Multiple Choice

Which of the following organizations has recommended that entities provide a reconciliation to GAAP net income whenever reporting proforma numbers?

• A) Auditing Standards Board
• B) Financial Executives International
• C) Financial Accounting Standards Board
• D) Accounting Standards Executive Committee

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Definitions:

Unjustified Negative

Refers to a negative outcome or judgment that is not supported by evidence or reasoning.

Membership

The state of belonging to a group or organization with a common interest or purpose.

In-Group Favoritism

The tendency to favor members of one's own group over those from external groups in terms of trust, favor, or privilege.

Tajfel's Theory

This social psychology theory posits that group membership creates in-group/self-categorization and enhancement in ways that favor the in-group at the expense of the out-group.