Which of the Following Statements Is True About the Formal

question 59

Multiple Choice

Which of the following statements is true about the formal writing style?

• A) It maintains a smaller distance between writers and readers than an informal style.
• B) It makes extensive use of personal references.
• C) Its sentences are well structured and highly organized.
• D) It makes extensive use of contractions.
• E) It maintains a smaller distance between writers and readers than a casual style.

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Definitions:

Unrealized Gains and Losses

Increases or decreases in the value of investments that have not yet been sold by the holder.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally.

GAAP

The standard set of guidelines for financial accounting that are widely accepted in a specific jurisdiction, known as Generally Accepted Accounting Principles.

Income Statement

A financial document that shows a company's revenue and expenses over a specific period, ending with the net income or loss for that period.