The Asian Stock Market Crash of 1990 Was Followed by A

question 71

Multiple Choice

The Asian stock market crash of 1990 was followed by a:

• A)long bull market.
• B)rapid recovery.
• C)prolonged flat market.
• D)short-term decline.
• E)long bear market.

---

Definitions:

Generally Accepted Accounting Principles

A set of accounting rules and standards used in the preparation of financial statements to ensure consistency and comparability.

Double-entry System

An accounting technique which records each transaction as both a credit and a debit in different accounts, ensuring the accounting equation remains balanced.

Logical Method

A reasoned, systematic approach to solving problems or making decisions, often based on a sequence of steps or a set of established principles.

Recording Transactions

The process of documenting financial transactions in the company's accounting records, ensuring accurate financial reporting and analysis.