Management disclosures in the face of a major

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 service T
MULTIPLE CHOICE
1. Which of the following is not a 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. XXXXX
d. 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 XXXXX
b. A high degree of verifiability relative to other accounting methods
c. Both a and b
d. None of the above
6. 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?