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

Question

Quizplus · Accepted Answer

Share Capital is the common term used in other countries, such as the United Kingdom, to refer to what is known as Capital Stock in the United States. Other options such as Capital Reserves, Provisions for Other Risks, and Deferred Income refer to different items on financial statements and are not equivalent to Capital Stock/Share Capital.

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