1.The taxation of digital transactions in a cross-border context presents several challenges to what concepts?

A)The right to tax.

B)The allocation of profits between countries.

C)Both A & B.

D)None of the above.

2.Many academic studies of the use of IFRS have concluded that IFRS has improved efficiency of capital markets or promoted cross-border investment.

True or False

3.Define the term hedging.

4.What are the International Accounting Standards that provide guidance for joint ventures?