International Accounting Testbank - 2832 Words

Chapter 01 Introduction to International Accounting Multiple Choice Questions 1. Which of the following groups is a supranational organization? A) United Nations B) Organization for Economic Cooperation and Development C) International Federation of Accountants D) All of the above Answer: D Level: Easy LO: 1 2. Determination of net present value involves: A) forecasting future profits and cash flows. B) discounting future cash flows back to their present value. C) analysis on an after-tax basis. D) All of the above Answer: D Level: Medium LO: 1 3. International accounting can be defined in†¦show more content†¦A) Reduce costs of doing business B) Protect domestic markets C) Protect foreign markets D) All of the above Answer: D Level: Easy LO: 3 14. A translation adjustment may be necessary when: A) notes to financial statements are converted from one language to another. B) foreign currency financial statements are converted to another currency. C) consolidated financial statements are prepared. D) hedging foreign currency. Answer: B Level: Medium LO: 2, 3 15. What is â€Å"transfer pricing?† A) The cost to convert from one countrys GAAP to another countrys GAAP B) The value of sales made in a foreign country C) The method of recording transactions between divisions within the same company D) The taxes paid on sales in a foreign country Answer: C Level: Easy LO: 3 16. ABCO Corporation has a parts division in country A. Its assembly division is in country B, which has a higher tax rate than country A. To minimize the corporations overall income tax, how should ABCO set its transfer prices between its parts and assembly divisions? A) The parts division should sell parts to the assembly division at low prices. B) The parts division should sell parts to the assembly division at high prices. C) It doesnt matter what transfer price isShow MoreRelatedAcct2542 Essays3989 Words   |  16 PagesTestbank to accompany Company Accounting 10e by Ken Leo, Jeffrey Knapp, Sue McGowan John Sweeting Prepared by Peter Baxter [pic]  © John Wiley Sons Australia, Ltd 2015 Chapter 1: Nature and regulation of companies Multiple-choice questions 1. The advantages of a company over a partnership and sole trader do not include which of the following? a. Members are able to sell their shares at any time to another person without having to obtain permissionRead MoreSolution Manual, Test Bank and Instructor Manuals34836 Words   |  140 PagesDear All, If you need any solution manual, testbank for testbooks from the list, do contact us anytime, we provide competitive prices and fast delivery after payment done. Contact us: smtbportal@gmail.com smtbportal(at)gmail(dot)com 2010 Corporate Partnership Estate and Gift Tax with HR Block TaxCut 4e Pratt Kulsrud Solution Manual 2010 Corporate Partnership Estate and Gift Tax with HR Block TaxCut 4e Pratt Kulsrud Test Bank 2010 Federal Taxation with HR Block TaxCut 4e Pratt KulsrudRead MoreReed Supermarket Case32354 Words   |  130 Pagesthe ï ¬ rm’s international competitiveness Part I Case studies 3 5 49 71 103 146 PART II DECIDING WHICH MARKETS TO ENTER 5 6 7 8 Global marketing research The political and economic environment The sociocultural environment The international market selection process Part II Case studies 171 173 203 233 260 296 PART III MARKET ENTRY STRATEGIES 9 10 11 12 13 Some approaches to the choice of entry mode Export modes Intermediate entry modes Hierarchical modes International sourcing decisionsRead MoreCase Study148348 Words   |  594 Pages19 20 25 27 27 28 28 29 Chapters 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Introducing Strategy The Environment Strategic Capabilities Strategic Purpose Culture and Strategy Business Strategy Corporate Strategy and Diversification International Strategy Innovation and Entrepreneurship Mergers, Acquisitions and Alliances Evaluating Strategies Strategy Development Processes Organising for Success Leadership and Strategic Change The Practice of Strategy Pages 30 37 47 59 69 79 88 99