How Has the Kyoto Protocol Affected U

question 39

Multiple Choice

How has the Kyoto Protocol affected U.S.companies operating in Europe?

• A)U.S. companies are changing the way they do business in order to comply with new emissions standards in Europe.
• B)The Kyoto Protocol has not affected U.S. companies with subsidiaries in Europe because the U.S. has not signed the Kyoto Protocol.
• C)Before U.S. companies can open any more European subsidiaries, the U.S. government must sign the Kyoto Protocol.
• D)Because the United States is not a party to the Kyoto Protocol, U.S. companies may not operate in European countries that have signed the Kyoto Protocol.

---

Definitions:

Debits

Entries that are recorded on the left side of a ledger account which increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

Credit Side

The right side of an accounting ledger where credits are recorded, often indicating a decrease in assets or an increase in liability or equity.

Debit Side

The Debit Side of an account records increases in assets or expenses and decreases in liabilities, equity, and income in double-entry bookkeeping.

Rules Of Debit

Rules governing the increase or decrease in account balances within the double-entry bookkeeping system, where debits typically increase assets or expenses and decrease liabilities, equity, and revenue.