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Moving to another question will save this response Question 2 estion 2 1 points M5-01-Capital M 2009: Which of the following statements is not true in measuring earnings? a. The current GAAP is more based on the transaction approach o b. capital maintenance approach is more related to measurement problem, while transaction approach is more related to revenue recognition is c-the transaction approach is more focused on the accounts on balance sheet d, For the income measurement, there are two approaches such as trasaction and capital maintenance ? Moving to another question wil save this response.

Solution

Question 2 :

ANS : a) The current GAAP is more based on transaction approach.

Question 4 :

ANS : c) EPS is one of the most popular performance measures that are used in the market because it cannot be manipulated by managers.

Question 5 :

ANS : a) disclosing the reason for the changes in the accounting policies