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 Doupnik
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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
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Chapter 01 6e
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1) Which of the following groups is a supranational organization?
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A) International Accounting Standards Board l8 l8 l8


B) Organization for Economic Cooperation and Development l8 l8 l8 l8 l8


C) International Federation of Accountants l8 l8 l8


D) All of these answers are correct.
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2) Determination of net present value involves:
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A) forecasting future profits and cash flows. l8 l8 l8 l8 l8


B) discounting future cash flows back to their present value.
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C) analysis on an after-tax basis. l8 l8 l8 l8


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 l8


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 accounting?
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A) Financial accounting l8


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 called
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8 the:
A) interest rate. l8


B) cost of capital.
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C) exchange rate. l8


D) strike price.l8




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