International Accounting Test Bank 6th Edition by Timothy Doupnik Complete Exam Prep All Chapters Verified Answers

Test Bank for International Accounting, 6th Edition by Timothy Doupni
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, TABLE OF CONTENT
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Chapter 1:Introduction to International Accounting
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Chapter 2:Worldwide Accounting Diversity
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Chapter 3: InternationalConvergence of Financial Reporting
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Chapter 4:International Financial Reporting Standards: Part I
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Chapter 5:International Financial Reporting Standards: Part II
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Chapter 6:Foreign Currency Transactions and Hedging Foreign Exchange Risk
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Chapter 7:Translation of Foreign Currency Financial Statements
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Chapter 8:International Taxation
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Chapter 9:International Transfer Pricing
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Chapter 10:Management Accounting Issues in Multinational Corporations
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Chapter 11:Auditing and Corporate Governance: An International Perspective
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Chapter 12: International SustainabilityReporting
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, Answers Included@x


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1) Which of the following groups is a supranational organizat
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ion?
A) International @xAccounting Standards Board @x @x


B) Organization for Economic Cooperation and Development
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C) International @xFederation of Accountants @x @x


D) All of these
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2) Determination of net present value involves:
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A) forecasting future profits and cash flows.
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B) discounting future cash flows back to their present value.
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C) analysis on an after-tax basis.@x @x @x @x


D) All of these answers are correct.
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3) In which of the following levels can international accounting be defined?
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A) Supranational organizations @x


B) Company
C) Country
D) All of these answers are correct.
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4) Which of the following functional areas is included in the study of international accountin
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g?
A) Financial accounting @x




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, B) Managerial
C) Taxation
D) All of these answers are correct.
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5) The factor used to convert from one country's currency to another country's currency is
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called the:
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A) interest rate. @x


B) cost of capital.
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C) exchange rate. @x


D) strike price. @x




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