Which of the Following Was Not a Source for Growth

question 97

Multiple Choice

Which of the following was not a source for growth in international capital markets over the last 20 years?

• A)European governments eased restrictions on foreign investments in their financial markets.
• B)Improvements in technology improved the flow of timely information.
• C)World economic growth increased the amount of savings to be invested.
• D)The decline in Australian share prices.

Comprehend the function and notation of journalizing and posting in the accounting process.

Understand the process and significance of preparing financial statements from journal and ledger entries.

Differentiate between the roles of various accounts in the financial statements.

Understand the reasons a trial balance may still contain errors despite balancing.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Prepaid Insurance

An asset account that represents the amount of insurance premium payments made in advance for coverage extending beyond the current accounting period.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Insurance Expense

The cost incurred by a company to insure its assets, operations, or liabilities over a certain period.