What Is True of Alliances and Their Impact on World

question 59

Multiple Choice

What is true of alliances and their impact on World War II?

• A)Alliances did not affect World War II.
• B)Many states participated in World War II due to alliance commitments.
• C)No country was willing to ally with Germany.
• D)If there had been no alliance system,the war would not have happened.

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Definitions:

Differential Reporting

A principle allowing entities not to adhere strictly to some accounting standards if their specific size or nature makes such standards not relevant.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for financial reporting.

ASPE

Accounting Standards for Private Enterprises; a set of accounting principles used in Canada for privately held companies.

Historical Cost Principle

An accounting principle that assets should be recorded and presented in the financial statements at their original purchase cost.