The Organization That Develops Worldwide Accounting Standards Is the

question 22

Multiple Choice

The organization that develops worldwide accounting standards is the

• A) International Committee on Accounting Standards (ICAS)
• B) International Accounting Standards Board (IASB)
• C) International Board of Accounting Standards (IBAS)
• D) International Accounting Standards Committee (IASC)

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Definitions:

Period Cost

Costs that are not directly tied to the production process and are expensed in the period in which they are incurred.

Special Order

A customer request for goods or services that are not normally offered or stocked by a business.