Quiz na which the follow the pronty counder the Nord Agreement? 1 2. Select one: 10 Fin a. Keep the difference between the US GAAP and IFRS b. To continue progress on the join projects that were currently being undertaken T T O c. To encourage their respective interpretative bodies to coordinate their activities O d. To undertake a short-term project aimed at removing a variety of individual differences between the US GAAP and IFRS on 6 Quiz Under original US standard for capital lease, which one needs to be met in order to qualify for a capital lease? ed out of 10 estion Fin Select one: a. The lease does not transfer ownership of the asset to the lessee by the end of the lease term T O b. The lease is less than 75 percent of the estimated economic life of the leased asset c. The lease does not contain a bargain purchase price O d. The present value at the beginning of the lease term of the payments, not representing executory costs, paid by the lessor no norcont of the fair value of the lease assets tion 2 Which of the following is not the benefit of IFRS adoption to corporate bodies and accountants? er saved out of question Select one: a. Communications with other companies using IFRS will be improved b. Auditing of multinational companies will be harder O c. Business transactions should become easier O d. Companies will require a considerable input of accounting knowledge and experience to make the switch to IFRS Clear my choice 3 November 15 - Novem Norwalk Agreement was signed in Quiz 1 10 Select one: 2 a 2000 F O b. 2001 c. 2003 d. 2002