Which of the Following Is Correct Regarding the Guidance Provided

question 3

Multiple Choice

Which of the following is correct regarding the guidance provided by IFRS and U.S.GAAP?

• A)In the construction industry,IFRS provides specific guidance for revenue recognition on contracts.
• B)In the software industry,IFRS provides specific guidance for typical software arrangements,upfront fees,and multiple deliverable arrangements.
• C)In the software industry,U.S.GAAP only provides general guidance.
• D)None of the above.

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Definitions:

Interpersonal Skill

Abilities used to effectively communicate, interact, and build relationships with others, including listening, empathy, and conflict resolution.

Positive Psychology Programs

Programs or interventions designed to promote well-being and happiness, focusing on strengths and positive aspects of human behavior.

Full Potential

The maximum level of development or achievement one can realistically attain, often regarding personal skills, talents, or abilities.

Multicultural

Pertaining to, or representing several different cultures or cultural elements, often emphasizing the importance of diversity and inclusivity in society.