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Accounting Quiz5

10 Questions  I  By Baybayev
Accounting Quizzes & Trivia

  
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Question Excerpt

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1.  In the United States, foreign companies filing annual reports with the SEC that are not prepared in accordance with U.S. GAAP must:
A.
B.
C.
D.
E.
2.  Which one of the following is not a background requirement for any IASB members?
A.
B.
C.
D.
E.
3.  Which of the following is not a factor influencing a country's financial reporting practices?
A.
B.
C.
D.
E.
4.  Which of the following is not a problem caused by diverse accounting practices across countries?
A.
B.
C.
D.
E.
5.  Which of the following are not key FASB initiatives to further converge IFRS and U.S. GAAP?
A.
B.
C.
D.
E.
6.  Which of the following is not an IFRS pronouncement originally issued by the IASB?
A.
B.
C.
D.
E.
7.  Which of the following is not a way for a country to use IFRS?
A.
B.
C.
D.
E.
8.  Which of the following is not true about IFRS?
A.
B.
C.
D.
E.
9.  Which of the following statements is false regarding providers of financing?
A.
B.
C.
D.
E.
10.  Which of the following are not authoritative pronouncements of International Financial Reporting Standards (IFRSs)? (1) International Financial Reporting Standards issued by the IASB (2) International Accounting Standards issued by the IASC and adopted by the IASB (3) Intrepretations originated by the International Financial Reporting Interpretations Committee (IFRIC) (4) U.S. Generally Accepted Accounting Principles
A.
B.
C.
D.
E.
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