Accounting Terminology Differs from One Country to Another

question 9

Multiple Choice

Accounting terminology differs from one country to another.Which terms deal with the same concept respectively in US,UK and IASB terminology?

• A) Long-term/Fixed/Non-current Assets
• B) Short-term/Fixed/Non-current Assets
• C) Long-term/Fixed/Non-operating Assets
• D) Long-term/Tangible/Non-current Assets

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Definitions:

Router

A networking device that forwards data packets between computer networks, directing traffic on the Internet.

Transmits Data

The process of sending data from one place to another through a medium, such as over a network or the internet.

Bandwidth

The maximum rate of data transfer across a given path.

Communications Channels

The mediums through which information is transmitted from one entity to another, such as email, social media, or face-to-face conversations.