1. Which option on these are reasons for economic accounting diversity?

Group of answer choices

Poliotical and Economic Ties

All of the above

Legal System

National Culture

2. From the answers given below, which is mostly correct. How have foreign capital markets began to address the problems caused by accounting diversity?

Group of answer choices

changed financial statements to US GAAP

published all fianncial reports in engigh

Made comparability of financial statments a priority by mostly trying to conform to IFRS standards mainly

Send their financial reports to the USA for review

3. What are the costs are shown on the financial statments of international organizations?

Group of answer choices

Historical Cost

International Costs

Forecasted Cost

Future costs

4. The Internatoinal Accounting Standards Board (IASB) has the sole responsibiity for establishing which of these?

Group of answer choices

ICOC

US GAAP

All of the above

IFRS

5. The BIG 4 accouting firms in the USA seem to have a large presence internationally?

Group of answer choices

True

False