Accounting Quiz1

10 Questions  I  By Baybayev

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
1.  A historical exchange rate for common stock of a foreign subsidiary is best described as
A.
B.
C.
D.
E.
2.  Which method of translating a foreign subsidiary's financial statements is correct?
A.
B.
C.
D.
E.
3.  A net liability balance sheet exposure exists and the foreign currency depreciates. Which of the following statements is true?
A.
B.
C.
D.
E.
4.  A highly inflationary economy is defined as
A.
B.
C.
D.
E.
5.  A net asset balance sheet exposure exists and the foreign currency depreciates. Which of the following statements is true?
A.
B.
C.
D.
E.
6.  A net asset balance sheet exposure exists and the foreign currency appreciates. Which of the following statements is true?
A.
B.
C.
D.
E.
7.  In accounting, the term translation refers to
A.
B.
C.
D.
E.
8.  What is a company's functional currency?
A.
B.
C.
D.
E.
9.  For a foreign subsidiary that uses the U.S. dollar as its functional currency, what method is required to ready the financial statements for consolidation?
A.
B.
C.
D.
E.
10.  A net liability balance sheet exposure exists and the foreign currency appreciates. Which of the following statements is true?
A.
B.
C.
D.
E.
Back to top


to post comments.

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz