GB 518 RANK Career Path Begins/gb518rank.com GB 518 RANK Career Path Begins/gb518rank.com | Page 42

Net income divided by average total assets
The reward for investment
The uncertainty about the expected return
that will be earned from an investment
Unrelated to expected return

Question 19. Question :
Which of the following
statements best describes the relationship of U.S. GAAP and
IFRS?
They are identical
They are entirely different conceptual
frameworks
They are similar but not identical
Neither has anything to do with
accounting
They both relate only to publicly traded
companies

Question 20. Question :
the following except:

Source documents include all of