All of the following describe the International Accounting Standard .pdf

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a) find the slope of the line and interpret the slope The slope of the line is ? b) interpret the slope For every 2 unit change in x the y change is ____ units ? Solution Ans: Here we are given 2 points (0,0) & (2,1) We calculate the linear slope by using the formula: (y2-y1)/(x2-x1) Which here translates to (1-0)/(2-0) = 1/2 = 0.5 As the slope is positive we can interpret that the quantity plotted on y axis increases as the quantity plotted on x axis increases. As we know the slope (y2-y2)/(x2-x1) = 0.5 which gives (y2-y1) = 0.5×(x2-x1) When x2-x1 = 2 units then y2-y1 = 0.5×2 = 1 unit So for every 2 units change in x there is 1 unit change in y..

Education

All of the following describe the International Accounting Standard Board (IASB) except for:
Multiple Choice
Board members of the IASB come from diverse geographical countries that have adopted IFRS.
The IASB is a privately funded accounting standards-setting body based in London.
Incorrect
The mission of the IASB is to develop a single set of high-quality, understandable and
enforceable global accounting standards.
IASB members serve a five-year term subject to one reappointment.
Solution
The IASB board does not require board members to be from countries who have adopted IFRS.
To ensure international diversity, it requires the member's seat to be distributed among the
Asia/Oceania region, Europe; America; Africa; and any other area, subject to maintain the
geographical balance.
Thus the statement that Board members of the IASB come from diverse geographical countries
that have adopted IFRS is incorrect.
Hence thefirstoption is the answer.

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