Ch 11 Multiple Choice Questions answer fro class

Ch 11 Multiple Choice Questions answer fro class - Multiple...

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Multiple Choice Questions 1. The International Accounting Standards Committee was replaced in April 2001 by the A. International Accounting Oversight Board. B. International Accounting Standards Board. C. European Union D. The Third Directive E. The United Nations Accounting Standards Committee 1. B Study Guide – Chapter 11 193
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2. How many members currently serve on the IASB? A. 10 B. 12 C. 14 D. 16 E. 20 2. D Originally, there were 14 members of the IASB. In 2009, this was changed to 16. 2 Advanced Accounting – 10/e
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3. Which of the following are ways that a country could use IFRS? A. Adopt IFRS as domestic GAAP B. Require domestic companies to use IFRS for consolidated financial statements C. Allow domestic companies to use domestic GAAP or IFRS D. Require foreign stock exchange registrants to use IFRS instead of domestic GAAP. E. All of the above. 3. E Study Guide – Chapter 11 193
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Which of the following is not one of the six common factors that influence a country’s financial reporting practices? A.
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Ch 11 Multiple Choice Questions answer fro class - Multiple...

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