Until Recently,which of the Following Accounting Practices Has Been True

question 3

Multiple Choice

Until recently,which of the following accounting practices has been true?

• A)Japanese law generally allowed revaluation.
• B)Dutch standards prohibited revaluation and prescribes historic cost.
• C)Capitalization of financial leases was required practice in France.
• D)German accountants have treated depreciation as a liability.

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Definitions:

Development Terminology

The specialized vocabulary associated with the field of international development, including concepts, strategies, and practices aimed at improving living conditions.

Recent Years

A term referring to the period of time close to the present, often used without specifying exact dates but implying a modern context.

Criticism

The expression of disapproval of someone or something based on perceived faults or mistakes, or the analytical evaluation of a work of art or literature.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to an increased interconnectedness of the world's economies, cultures, and populations.