Test Bank for International Accounting, 6th Edition by Timothy Doupnik.pdf

DOWNLOAD THE Test Bank for International Accounting 5th Edition Doupnik
n n n n n n n n n




InternationalnAccounting,n5en(Doupnik)nChapt
ern2 WorldwidenAccountingnDiversity

1) WhatnisnthenequivalentnofnthencommonnstocknaccountnonnanU.S.nbalancensheetnonnthenbalancens
heetnofnanBritishncompany?
A) Capitalnredemptionnreserve
B) Sharenpremiumnaccount
C) Ownnsharesnheld
D) Called-upnsharencapital

Answer:n DnDifficulty
:n1nEasy
Topic:n n EvidencenofnAccountingnDiversity
LearningnObjective:n 02-
01nProvidenevidencenofnthendiversitynthatnexistsninnaccountingninternationally.
Bloom's:n n Apply
AACSB:n KnowledgenApplicationnAccessib
ility:n KeyboardnNavigation

2) Itnisngenerallynbelievednthatnthen1997nfinancialncrisisninnEastnAsianwasnpartlynduentonaccountingnf
actorsninnthatnpartnofnthenworld.nWhichnofnthenfollowingnaccountingnvaluesnwasnlackingninnthatnpartn
ofnthenworldnandntherebyncontributedntonthencrisis?
A) Professionalism
B) Statutoryncontrol
C) Uniformity
D) Transparency

Answer:n DnDifficulty
:n1nEasy
Topic:n n LacknofnHigh-QualitynAccountingnInformation
LearningnObjective:n 02-
02nDescribenthenmajornfactorsnthatninfluencenthendevelopmentnofnnationalnaccountingnsyste
msnandnleadntoncross-nationalnaccountingndiversity.
Bloom's:n n Evaluate
AACSB:n ReflectivenThinkingnAccessibility
:n KeyboardnNavigation




1
Copyrightn2020n©nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-
HillnEducation.
mynursytest.store

,DOWNLOAD THE Test Bank for International Accounting 5th Edition Doupnik
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3) WhichnofnthenfollowingnisnNOTnanproblemncausednbynaccountingndiversity?
A) Lacknofnqualifiedninternationalnauditors
B) Preparationnofnconsolidatednfinancialnstatements
C) Accessntonforeignncapitalnmarkets
D) Comparabilitynofnfinancialnstatements

Answer:n AnDifficulty
:n2nMedium
Topic:n n ProblemsnCausednbynAccountingnDiversity
LearningnObjective:n 02-
02nDescribenthenmajornfactorsnthatninfluencenthendevelopmentnofnnationalnaccountingnsyste
msnandnleadntoncross-nationalnaccountingndiversity.
Bloom's:n n Apply
AACSB:n ReflectivenThinkingnAccessibility
:n KeyboardnNavigation

4) Differencesninnlegalnsystemsnusedninnvariousncountriesnhavenbeenncitednasnonenreasonnfornd
iversityninnaccountingnpractices.nWhatnarenthenmajorntypesnofnlegalnsystems?
A) Commercialnlawnandnaccountingnlaw
B) Rulesnandnregulations
C) Writtennlawnandnunwrittennlaw
D) Commonnlawnandncodenlaw

Answer:n DnDifficulty
:n1nEasynTopic:n Legal
nSystem

LearningnObjective:n 02-
02nDescribenthenmajornfactorsnthatninfluencenthendevelopmentnofnnationalnaccountingnsyste
msnandnleadntoncross-nationalnaccountingndiversity.
Bloom's:n n Remember
AACSB:n KnowledgenApplicationnAccessib
ility:n KeyboardnNavigation

5) Thenaccountingnstandardsninncodenlawncountriesntendntonbe:
A) veryndetailed.
B) formulatednbynorganizationsnsuchnasnthenFASB.
C) statedngenerallynwithoutnmuchnguidancenonnaccountingnprocedures.
D) verynconservative.

Answer:n CnDifficulty
:n2nMediumnTopic:n n L
egalnSystem
LearningnObjective:n 02-
02nDescribenthenmajornfactorsnthatninfluencenthendevelopmentnofnnationalnaccountingnsyste
msnandnleadntoncross-nationalnaccountingndiversity.
Bloom's:n n Apply
AACSB:n ReflectivenThinkingnAccessibility
2
Copyrightn2020n©nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-
HillnEducation.
mynursytest.store

, DOWNLOAD THE Test Bank for International Accounting 5th Edition Doupnik
n n n n n n n n n




:n KeyboardnNavigation




3
Copyrightn2020n©nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-
HillnEducation.
mynursytest.store