What Is the Likely Result When Accounting Rules Are Left

question 12

Multiple Choice

What is the likely result when accounting rules are left up to professional associations rather than being legislated by governmental bodies?

• A) Very general accounting rules are created, as in code law countries.
• B) Very detailed rules for practice are created, as in common law countries.
• C) Very general accounting rules are created, as in common law countries.
• D) Very detailed rules for practice are created, as in code law countries.

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Definitions:

Prophage

Bacteriophage nucleic acid inserted into the bacterial DNA.

Transducing

refers to the process by which signals are converted from one form to another, such as converting physical signals into biochemical signals in the body.

Prophage

A segment of viral DNA that is integrated into the genome of a bacterial cell, remaining latent until it is induced to produce new virus particles.

Bacterial DNA

The circular or linear strands of genetic material found in bacteria, encoding the information necessary for their growth, development, and function.