1.SSim-Tech, a US corporation has subsidiaries in six foreign countries. When SSim-Tech is preparing consolidated statements and is reviewing the impact of changing prices it must understand that when changes in prices consist of _______ price movements, they are character ized by, on average, the prices of all goods and services in the economy .
| | none of the choices apply |
2.SSim-Tech, a US corporation has subsidiaries in six foreign countries. When SSim-Tech determines that decreases in general purchasing power have occured because monetary assets were held during a period of inflation , this is referred to as a ________ .
| | none of the choices apply |
3.SSim-Tech, a US corporation has subsidiaries in six foreign countries. When SSim-Tech is preparing consolidated statements and is using price indexes to determine changes, what is the ratio change of a basket of goods that cost $200,000 in year one and cost $225,000 in year two?
| | none of the choices apply 4.SSim-Tech, a US corporation has subsidiaries in six foreign countries. When SSim-Tech is preparing consolidated statements and is reviewing the impact of changing prices on income, income that has been adjusted for changing prices is referred to as _______ income. | | none of the choices apply | |
5.SSim-Tech, a US corporation has subsidiaries in six foreign countries. When SSim-Tech is preparing consolidated statements and is reviewing the impact of changing prices it must understand that when changes in prices consist of _______ price movements, they are characterized by, on average, the prices of all goods and services in the economy .
| | none of the choices apply |
6.SSim-Tech, a US corporation has subsidiaries in six foreign countries. When SSim-Tech is preparing consolidated statements and it uses a consolidation method that first restates a foreign subsidiary's accounts to for local inflation and then translated the parent company currency, this process is referred to as the ________ .
| | translate - restate method |
| | restate - translate method |
| | restated - weighted average cost method |
| | translated - variable cost method |
| | none of the choices apply |
7.SSim-Tech, a US corporation has subsidiaries in six foreign countries. When SSim-Tech is preparing consolidated statements and is reviewing the impact of changing prices it must understand that when changing prices increase it is referred to as _______ .
| | none of the choices apply |
8.SSim-Tech, a US corporation has subsidiaries in six foreign countries. When SSim-Tech is preparing consolidated statements and its' subsidiaries are experiencing inflation, most likely assets are ________ .
| | translated - using a variable cost method |
| | none of the choices apply |
9.SSim-Tech, a US corporation has subsidiaries in six foreign countries. When SSim-Tech is preparing consolidated statements and it uses a consolidation method that first translates a foreign subsidiary's accounts to parent currency and then restates the translated amounts for parent company inflation, this process is referred to as the ________ .
| | translate - restate method |
| | restate - translate method |
| | restated - weighted average cost method |
| | translated - variable cost method |
| | none of the choices apply |
10.SSim-Tech, a US corporation has subsidiaries in six foreign countries. When SSim-Tech is preparing consolidated statements and is considering adjusting asset values for changes in specific prices, this process is referred to as ________ .
| | deferred cost adjustments |
| | relative cost adjustments |
| | none of the choices apply |
