In 1851 a Journal Editor Wrote That This Had Become

question 79

Multiple Choice

In 1851 a journal editor wrote that this had become "the great agent of civilization and progress, the most powerful instrument for good the world has yet reached." What was he referring to?

• A) the locomotive
• B) Hydropathy
• C) American democracy
• D) The New York Stock Exchange
• E) Plantation slavery

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Definitions:

CICA Handbook

The official guide published by the Canadian Institute of Chartered Accountants detailing accounting standards and practices in Canada.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB).

U.S. GAAP

United States Generally Accepted Accounting Principles, the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC) for financial reporting.

Common-Law Countries

Nations that operate under a legal system founded on case law and precedents rather than on codified laws; common examples include the United Kingdom, the United States, and Australia.