Accounting reserves ________.
A) are the basis for assessing a firm's income tax burden
B) record deductions and expenses that are relevant for taxes
C) are important in determining how inventory should be valued
D) record foreseeable future expenses that might affect a firm's operations
Question 2
________ is a form of locking the value of a country's currency onto another currency.
A) Managed floating
B) Monetarization
C) Dollarization
D) Floating