The People's Republic of China (PRC) made economic reforms in the 1980s to encourage international trade. What impact have these reforms made on accounting?
A. Increased the demand for accounting information from investors
B. Increased the supply of publicly available accounting information from Chinese companies
C. Changed the nature of auditing in the PRC
D. All of the above are true.
Answer: D. All of the above are true.
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Using a note as a deposit from a buyer in making an offer:
a. the note must be cashed before opening escrow. b. a note cannot be used as a deposit for an offer. c. the note would be the same as cash. d. the agent should inform the seller that the deposit is in the form of a note before the seller accepts the offer.
A handicapped person is renting a unit in a residential apartment building and none of the parking spaces are assigned. The handicapped tenant requested an assigned space near the door. The property manager should:
A. Make to space available if possible. B. Charge an additional security deposit. C. Assign all the spaces. D. Not provide the space.