Which Statement Is an Example of a Global Trend

question 95

Multiple Choice

Which statement is an example of a global trend?

• A)The Federal Reserve announces that it will decrease the interest rate it charges banks.
• B)Congress passes legislation that increases the tax rates on corporations.
• C)A new computer chip is announced that will allow for miniaturization of many electronic devices.
• D)The E.U.declares an increase in tariffs on all agricultural goods.

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Definitions:

Discount on Bonds Payable

The difference between the face value of a bond and its selling price, when sold for less than its face value.

Amortization

The process of spreading out a loan or intangible asset cost over a specific period of time for accounting and taxation purposes.

Generally Accepted Accounting Principles

A collection of commonly-followed accounting rules and standards for financial reporting.