Examen
Using Financial Accounting Information The Alternative to Debits and Credits 10e Gary A Porter Curtis L Norton
- Grado
- Institución
Complete Test Bank (with Questions Answers)
[Mostrar más]Vista previa 4 fuera de 1472 páginas
Vista previa 4 fuera de 1472 páginas
Añadir al carrito
Añadir al carrito
Vendedor
Seguir
premiumbiz379
Comentarios recibidos
Vista previa del contenido
,Appendix ATrue / False
1. The state of economic development can affect accounting standards.
a. True
b. False
ANSWER: True
DIFFICULTY: Easy
REFERENCES: pp. A-2-A-3
LEARNING OBJECTIVES: FACC.PONO.18.A-01 - LO: A-01
NATIONAL STANDARDS: United States - BUSPROG: Diversity
ACCREDITING STANDARDS: ACBSP: APC-02-GAAP
AICPA: FN-Reporting
KEYWORDS: Bloom's: Remembering
2. Japan has a greater number of differences than the United States between the amount of income reported to
stockholders and that reported to the taxing authorities.
a. True
b. False
ANSWER: False
DIFFICULTY: Easy
REFERENCES: pp. A-2-A-3
LEARNING OBJECTIVES: FACC.PONO.18.A-01 - LO: A-01
NATIONAL STANDARDS: United States - BUSPROG: Communications
ACCREDITING STANDARDS: ACBSP: APC-02-GAAP
AICPA: FN-Reporting
KEYWORDS: Bloom's: Remembering
3. No single explanation can be given for the divergence of accounting standards.
a. True
b. False
ANSWER: True
DIFFICULTY: Easy
REFERENCES: pp. A-2-A-3
LEARNING OBJECTIVES: FACC.PONO.18.A-01 - LO: A-01
NATIONAL STANDARDS: United States - BUSPROG: Diversity
ACCREDITING STANDARDS: ACBSP: APC-02-GAAP
AICPA: FN-Reporting
KEYWORDS: Bloom's: Remembering
© 2018 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Page 1
,Appendix A
4. In countries, like Japan and much of Europe, fewer differences between the amount of income reported to stockholders
and that reported to the taxing authorities exist than in the United States.
a. True
b. False
ANSWER: True
DIFFICULTY: Easy
REFERENCES: pp. A-2-A-3
LEARNING OBJECTIVES: FACC.PONO.18.A-01 - LO: A-01
NATIONAL STANDARDS: United States - BUSPROG: Diversity
ACCREDITING STANDARDS: ACBSP: APC-02-GAAP
AICPA: FN-Reporting
KEYWORDS: Bloom's: Remembering
5. According to the text, in economies like those that made up the former Soviet Union, accounting standards are
relatively less complex due to the fact that they are just beginning to be developed.
a. True
b. False
ANSWER: True
DIFFICULTY: Easy
REFERENCES: pp. A-2-A-3
LEARNING OBJECTIVES: FACC.PONO.18.A-01 - LO: A-01
NATIONAL STANDARDS: United States - BUSPROG: Communications
ACCREDITING STANDARDS: ACBSP: APC-02-GAAP
AICPA: FN-Reporting
KEYWORDS: Bloom's: Remembering
6. Ultimately, it will be the responsibility of the FASB in the United States to decide if the advantages of IFRS’s outweigh
the disadvantages.
a. True
b. False
ANSWER: False
DIFFICULTY: Moderate
REFERENCES: pp. A-3-A-4
LEARNING OBJECTIVES: FACC.PONO.18.A-02 - LO: A-02
NATIONAL STANDARDS: United States - BUSPROG: Diversity
ACCREDITING STANDARDS: ACBSP: APC-02-GAAP
AICPA: FN-Reporting
KEYWORDS: Bloom's: Understanding
© 2018 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Page 2
, Appendix A
7. A single set of accounting standards could help a U.S. company save time and money in the acquisition of a German
company.
a. True
b. False
ANSWER: True
DIFFICULTY: Easy
REFERENCES: pp. A-3-A-4
LEARNING OBJECTIVES: FACC.PONO.18.A-02 - LO: A-02
NATIONAL STANDARDS: United States - BUSPROG: Diversity
ACCREDITING STANDARDS: ACBSP: APC-02-GAAP
AICPA: FN-Reporting
KEYWORDS: Bloom's: Understanding
8. IFRS are now mandatory in all member states of the economic and political organization known as the European
Union.
a. True
b. False
ANSWER: True
DIFFICULTY: Easy
REFERENCES: pp. A-4-A-5
LEARNING OBJECTIVES: FACC.PONO.18.A-03 - LO: A-03
NATIONAL STANDARDS: United States - BUSPROG: Diversity
ACCREDITING STANDARDS: ACBSP: APC-02-GAAP
AICPA: FN-Reporting
KEYWORDS: Bloom's: Remembering
9. Companies in Mexico have to begin using IFRS by 2020.
a. True
b. False
ANSWER: False
DIFFICULTY: Easy
REFERENCES: pp. A-4-A-5
LEARNING OBJECTIVES: FACC.PONO.18.A-03 - LO: A-03
NATIONAL STANDARDS: United States - BUSPROG: Communications
ACCREDITING STANDARDS: ACBSP: APC-02-GAAP
AICPA: FN-Reporting
KEYWORDS: Bloom's: Remembering
© 2018 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Page 3
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller premiumbiz379. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for 24,98 €. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now
Vistos recientemente
