When the 13 Colonies Were Established in America,they Adopted England's

question 9

Multiple Choice

When the 13 colonies were established in America,they adopted England's

• A)reform movement.
• B)common law.
• C)system of torts.
• D)Napoleonic Law.

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally.

U.S.GAAP

U.S.GAAP stands for United States Generally Accepted Accounting Principles, which are a set of accounting standards used for financial reporting in the U.S.

Accounts Receivable

Funds that customers owe a company for products or services already received but not yet paid for.

Allowance for Uncollectible Accounts

A contra-asset account that represents the amount of receivables a company does not expect to collect.