The period allowed for commentary on an exposure draft is;
A)Never less than 120 days but may be longer for big issues
B)Never more than 120 days but may be less in some circumstances
C)Normally 120 days but may be more or less
D)Always 120 days no more,no less

Question

Quizplus · Accepted Answer

The period allowed for commentary on an exposure draft is normally 120 days but may be more or less depending on the specific circumstances of the issue being addressed. Therefore, option C is the correct option as it acknowledges that the period may vary. Option A is incorrect because it implies that the period could never be less than 120 days, which is not always the case. Option B is incorrect because it implies that the period could never be more than 120 days, which is also not always the case. Option D is incorrect because it implies that the period is always fixed at 120 days with no variation, which is not true.

The Period Allowed for Commentary on an Exposure Draft Is;