The People's Republic of China (PRC) Made Economic Reforms in the 1980s

question 40

Multiple Choice

The People's Republic of China (PRC) made economic reforms in the 1980s to encourage international trade.What impact have these reforms made on accounting?

• A)Increased the demand for accounting information from investors
• B)Increased the supply of publicly available accounting information from Chinese companies
• C)Changed the nature of auditing in the PRC
• D)All of the above are true.

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Definitions:

Estimated Regression Equation

An equation derived from regression analysis that predicts the dependent variable based on the values of one or more independent variables.

Y-Intercept

The point at which a line or curve intersects the Y-axis of a graph.

Regression Source Table

A table containing statistical information that summarizes the output of a regression analysis.

Model Significant

An indication that the model's predictions significantly differ from what would be expected by chance.