Global Customers

question 17

Multiple Choice

Global customers:

• A)Search for government-controlled enterprises.
• B)Provide reduced government trade protection.
• C)Search the world for their supplies without regard to national boundaries.
• D)Encourage large firms to sell to them.

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Definitions:

AASB 138

An Australian Accounting Standard that outlines the accounting treatment for intangible assets not covered by another Standard.

Intangibles

Non-physical assets owned by a firm that can include patents, trademarks, copyrights, and goodwill.

Disclosed

Information that has been revealed or made known, often used in the context of financial statements and reports.

AASB 138

An accounting standard that specifies how intangible assets should be accounted for and disclosed in financial statements.