In Gray's Framework for Accounting System Development,the Cultural Dimensions of Individualism,power

question 40

Multiple Choice

In Gray's framework for accounting system development,the cultural dimensions of individualism,power distance,uncertainty avoidance and masculinity directly affect:

• A)accounting systems.
• B)accounting values.
• C)external influences.
• D)institutional consequences.

---

Definitions:

Investing Activities

Transactions that involve the purchase or sale of long-term assets and investment securities that are not considered cash equivalents.

Financing Activities

Transactions with creditors and investors affecting the equity and/or long-term liability aspects of a business's balance sheet.

Direct Method

A cash flow statement preparation approach where actual cash inflows and outflows from operating activities are listed directly.

Inventory

Raw materials, work-in-process products, and finished goods that are considered to be the part of a business's assets that are ready or will be ready for sale.