In the 1970s,because of the Differing Safety Standards Around the World,American

question 45

Multiple Choice

In the 1970s,because of the differing safety standards around the world,American fmns:

• A)continued to export drugs that had been banned in the U.S.
• B)continued to export pesticides that had been banned in the U.S.
• C)built asbestos manufacturing plants,banned in the U.S. ,in other countries.
• D)took all of these actions.

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Definitions:

T Account

A graphical representation in accounting that resembles the letter "T", used to track the increases and decreases in accounts, making it easier to understand transactions.

Credit Side

The right side of an accounting ledger where increases in liabilities, equity, and revenue accounts are recorded.

Debit Side

The left side of a ledger account that records increases in assets and expenses or decreases in liabilities and equity.

Journalizing

A process in accounting that involves recording transactions in a journal before they are transferred to a ledger.