Complete the Following Using the Terms Listed

question 134

Multiple Choice

Complete the following using the terms listed.
-The _____ are regulations and interpretations adopted by the International Accounting Standards Board.

• A)certified public accountant
• B)International Financial Reporting Standards
• C)asset
• D)liability
• E)Owners' equity
• F)accounting equation
• G)balance sheet
• H)income statement
• I)Sarbanes-Oxley Act (SOX)
• J)accrual accounting
• K)open book management
• L)budget
• M)generally accepted accounting principles (GAAP)
• N)Financial Accounting Standards Board (FASB)
• O)profitability ratios
• P)International Accounting Standards Committee (IASC)
• Q)Leverage ratios
• R)management accountant

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Definitions:

Synthesis

The process of combining different ideas, findings, or materials to form a cohesive whole or new understanding.

Viewing Technology

Technologies and devices designed for the display of visual content, including televisions, monitors, and projectors.

Receive

To get or be given something.

Understand

The ability to comprehend or grasp the meaning, nature, or importance of something.