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    Company Accounting
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    Exam 2: Financing Company Operations
  5. Question
    Reserves That Are Not Required by Accounting Standards Are Known
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Reserves That Are Not Required by Accounting Standards Are Known

Question 58

Question 58

Multiple Choice

Reserves that are not required by accounting standards are known as:


A) specific reserves.
B) general reserves.
C) current reserves.
D) retained reserves.

Correct Answer:

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