Which of the Following Is Not a Reason One Set

question 30

Multiple Choice

Which of the following is not a reason one set of international accounting standards are needed?

• A)multinational corporations.
• B)mergers and acquisitions.
• C)information technology.
• D)all of these answer choices are correct.

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Definitions:

Pay Sales Taxes

This term refers to the process of remitting taxes collected from customers on sales transactions to the relevant government authority.

Write Checks Window

In accounting software, a feature that allows users to fill out and record checks issued to pay for expenses or other transactions.

Rent Payments

Regular payments made by a tenant to a landlord in exchange for the right to occupy or use the landlord's property.

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.