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Differences between U.S. and International GAAP are influenced by all of the following EXCEPT:
Ans: The correct option for the answer is option E i.e. Language
Difference between us and international GAAP includes Taxation, inflation, sources of capital and political and legal systems.
Language is not influenced by International GAAP and U.S. Language does not make any impact on it.
Differences between U.S. and International GAAP are influenced by all of the following EXCEPT: a. taxation...
International strategies include all the following except? A. International B. Global C. Multi-domestic D. Multi-international
Economies of scale arise from all of the following sources, EXCEPT A. serving domestic and international markets from the same production facilities B. serving global markets C. increasing fixed costs by limiting them to small volumes D. bargaining with suppliers to bring down the cost of key inputs
The forced vital capacity is influenced by all of the following except a) lung size b) airway resistance c) elastic properties of the lung d) the partial pressure of oxygen in mm Hg
1) The total amount of loanable funds available to U.S. borrowers is influenced by changes in Select one: A. the rate of savings. B. the availability of bank credit. C. the velocity of circulation. D. all of the above. 2) Which of the following is true concerning lending patterns and inflation? (I) Adaptive lag progressively considers inflation when making loans. (II) Complete illusion ignores inflation when making loans. (III) Rational expectations only partially considers inflation when making loans. Select one:...
Which statement is correct as it relates to diverse accounting practices across countries? A. U.S. GAAP is acceptable worldwide wherever IFRS has not been adopted. B. Translating financial statements of various currencies into one common currency for consolidation purposes does not resolve the problem of diversity of accounting practices across countries. C. To have stock listed on a U.S. stock exchange, all financial statements submitted to the SEC must be prepared either using U.S. GAAP or using IFRS. D. Stock...
Firms’ choices and estimates within U.S. GAAP or IFRS should be determined by all of the following except: A. firms’ underlying economic circumstances. B. conditions in the company’s industry. C. the company’s competitive strategy. D. accelerated management efforts to meet earnings projections. Examples of poor earnings quality that hinder the forecasting of expected future earnings include all of the following except: A. Earnings dominated by a substantial one-time gains from the sale of real estate tangential to the firm’s operations....
All the following are differences between financial and managerial accounting in how accounting information is used except to a. plan and control company's operations. b. decide whether to invest in the company. c. evaluate borrowing capacity to determine the extent of a loan to grant. d. All the answer choices are correct.
Which of the following statements is not true under U.S. GAAP? a. Product costs increase the inventory account. b. Product costs include freight costs on goods purchased. c. Theoretically, product costs include buying costs and storage costs although in practice these costs are often times expensed. d. Product costs include freight costs to ship goods to customers. e. All of the above are true.
Identify the similarities and differences between Medicare and Medicaid with regard to: a. Patient eligibility. b. Benefits provided. c. State and/or federal revenue sources. d. Historical origins in the U.S.
Which of the following is a benefit of the convergence between US GAAP and IFRS? Group of answer choices B. All companies now have a choice between different sets of financial reporting standards C. The IASB and FASB use the exact same conceptual framework to generate accounting standards D. All companies will produce financial statements in English A. Increased comparability between financial statements produced in different countries As a result of the convergence efforts since 2007: Group of answer choices...