Which of the following is not a current trend in accounting-standards setting?
A) increase in political involvement
B) move toward principles-based system
C) focus on asset/liability approach
D) emphasis on measuring fair value
Correct Answer:
Verified
Q70: Rules-based standards rely on theories and concepts
Q71: Rules-based standards result in inconsistencies between standards.
Q72: Rules-based standards require a significant amount of
Q73: U.S. GAAP contains more rules-based standards than
Q74: Contrast the differences between rules-based standards and
Q75: Which of the following is a bright-line
Q76: Which financial statement is implicitly considered dominant
Q77: Principles-based standards are more consistent with the
Q79: Which of the following defines fair value?
A)
Q80: _ is the amount at which a
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