Significant differences exist in terms on financial statements around the world.For example, another name for what we know as Capital Stock in the U.S.is:
A) Share Capital
B) Capital Reserves
C) Provisions for other Risks
D) Deferred Income

Question

Quizplus · Accepted Answer

Share Capital is the commonly used term in countries such as the UK, Canada, and Australia, while Capital Stock is used in the United States. Capital Reserves, Provisions for other Risks, and Deferred Income are all different items on a financial statement and are not interchangeable with Capital Stock or Share Capital.

Significant Differences Exist in Terms on Financial Statements Around the World.For