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24.Management disclosures in the face of a major earnings surprise may take the form of conference calls with analyst or public announcements via news serviceTMULTIPLE CHOICE1.Which of the following isnota true statement?a.Comparability refers to accounting for similar transactions similarly and different circumstances differently.b.Comparability refers to comparing alternatives in order to make a decision.c.Comparability is an inherent quality of accounting numbers in the same sense that relevance and reliability are. XXXXXd.Uniformity influences comparability.2.Which of the following is a true statement?3.The term “present magnitudes” refers to:
4.Which of the following terms represent the two general types of relevant circumstances?5.Circumstantial variables are environmental conditions that posses which of the following qualities?a.Excessive measurement costs XXXXXb.A high degree of verifiability relative to other accounting methodsc.Both a and bd.None of the above6.Prescribing one method for generally similar transactions even though relevant circumstance may be present is referred to as:7.Which of the following is a true statement?