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

Question

Quizplus · Accepted Answer

In many countries outside of the U.S., Additional Paid-In Capital is referred to as Capital Reserves. Share Capital refers to the amount of money raised by issuing shares, Provisions for Other Risks are set aside for potential losses or liabilities, and Deferred Income refers to revenue received in advance but not yet earned.

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