Other bases of accounting (special purpose frameworks) include all of the following except:
A) Tax basis.
B) Non-GAAP methods used for internal reporting.
C) Cash basis.
D) Regulatory basis.

Question

Quizplus · Accepted Answer

All the other options (tax basis, cash basis, regulatory basis) are examples of special purpose frameworks used for financial reporting in specific industries or situations. Non-GAAP methods used for internal reporting are not a specific framework, but rather a company-specific approach that is not necessarily accepted by external parties such as auditors or investors.

Other Bases of Accounting (Special Purpose Frameworks) Include All of the Following