Which of the Following Is the Purpose of China's "Accounting

question 56

Multiple Choice

Which of the following is the purpose of China's "Accounting System for Business Enterprises" issued in 2001 to supersede its "Basic Standard of Accounting for Business Enterprises?"

• A)Increase harmonization of accounting standards.
• B)Improve comparability of accounting statements.
• C)Make financial reporting distinct from taxation.
• D)All of the above

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Definitions:

Encomiendas

A labor system in colonial Latin America granting colonists the right to demand tribute and forced labor from Indigenous peoples.

Missionaries

Individuals who are sent to promote their religion in a foreign country through preaching, education, and other activities intended to convert others.

Mexica People

The Mexica people, also known as the Aztecs, were a Nahuatl-speaking indigenous people of the Valley of Mexico who built an extensive empire in central Mexico in the 14th, 15th, and 16th centuries before being conquered by the Spanish.

Cortes

Hernán Cortés, a Spanish conquistador who led an expedition that caused the fall of the Aztec Empire and brought large portions of what is now mainland Mexico under the rule of the King of Castile in the early 16th century.