Question
International accounting. I 1.Canadian securities regulations require use of _______. US GAAP Canadian GAAP IFRS US GAAP or Canadian GAAP None of the answers apply
International accounting. I
1.Canadian securities regulations require use of _______.
| US GAAP |
| Canadian GAAP |
| IFRS |
| US GAAP or Canadian GAAP |
| None of the answers apply |
2.
In Mexico a company can use_______ for financial reporting.
| IFRS |
| US GAAP |
| NAFTA |
| US GAAP or IFRS |
| None of the answers apply. |
3.
The _____ underpins any accounting standards in the United States.
| SEC |
| FASB |
| AICPA |
| PCAOB |
| None of the answers apply. |
4.
Rules for filing annual financial statements that are submitted to the SEC are contained in _____.
| Codification |
| FASB pronouncements |
| regulation SX and SK |
| PCAOB pronouncements |
| None of the answers apply. |
Which method is allowed in US GAAP but not IFRS?
| Recording of capital gains on the income statement. |
| Recording of doubtful accounts on the income statement. |
| Recording of extraordinary items on the income statement. |
| Recording of amortization cost on the income statement. |
| None of the answers apply |
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Proli Footwear Inc An Audit And Fraud Simulation For Team-Based Student Learning
Authors: Patricia Poli, Richard Proctor
2nd Edition
0615455492, 978-0615455495
