All of the following describe the International Accounting Standard Board (IASB) except for:
A. Board members of the IASB come from diverse geographical countries that have adopted IFRS.
B. The mission of the IASB is to develop a single set of high-quality, understandable and enforceable global accounting standards.
C. The IASB is a privately funded accounting standards-setting body based in London.
D. IASB members serve a five-year term subject to one reappointment.
Answer: A
You might also like to view...
The capital account balances of a partnership are as follows: Trent, $50,000; Langston, $50,000; and Plank, $50,000 . If Felps pays $80,000 in cash to Plank to buy Plank's partnership interest, the entry on the partnership's books as a result of this transaction would include a
a. debit to Plank Capital, $80,000; b. credit to Felps Capital, $80,000; c. debit to Cash, $80,000; d. credit to Felps Capital, $50,000; e. debit to Cash, $50,000
In the context of writing a bad-news message using the inductive outline, which of the following immediately precedes the step that presents facts, analysis, and reasons for refusal or bad news??
A) ?The step that includes a counterproposal B) ?The step that states the bad news using positive tone C) ?The step that puts forward a neutral idea D) ?The step that indicates a continuing relationship with the receiver
Readers may think you are unsure of yourself if you use self-conscious phrases such as I hope in your messages
Indicate whether the statement is true or false
You should check your voice mail at least three times a day.
Answer the following statement true (T) or false (F)