Test Bank For Financial Accounting The Impact on Decision Makers 10th Edition Gary A Porter Curtis L Norton

Test Bank For Financial Accounting The Impact on Decision Makers 10th Edition Gary A Porter Curtis L Norton

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Edition: 10th Edition

Format: Downloadable ZIP Fille

Resource Type: Test bank

Duration: Unlimited downloads

Delivery: Instant Download

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Test Bank For Financial Accounting The Impact on Decision Makers 10th Edition Gary A Porter Curtis L Norton

True / False

 

1. The state of economic development can affect accounting standards.

a. True
b. False

 

ANSWER:   True
DIFFICULTY:   Easy
LEARNING OBJECTIVES:   FACC.PONO.13.A-01 – LO: A-01
KEYWORDS:   Bloom’s: Remembering

 

2. Japan has a greater number of differences than the U.S. between the amount of income reported to stockholders and that reported to the taxing authorities.

a. True
b. False

 

ANSWER:   False
DIFFICULTY:   Easy
LEARNING OBJECTIVES:   FACC.PONO.13.A-01 – LO: A-01
KEYWORDS:   Bloom’s: Remembering

 

3. No single explanation can be given for the divergence of accounting standards.

a. True
b. False

 

ANSWER:   True
DIFFICULTY:   Easy
LEARNING OBJECTIVES:   FACC.PONO.13.A-01 – LO: A-01
KEYWORDS:   Bloom’s: Remembering

 

4. In countries, like Japan and much of Europe, fewer differences between the amount of income reported to stockholders and that reported to the taxing authorities exist than in the U.S.

a. True
b. False

 

ANSWER:   True
DIFFICULTY:   Easy
LEARNING OBJECTIVES:   FACC.PONO.13.A-01 – LO: A-01
KEYWORDS:   Bloom’s: Remembering

 

5. According to the text, in economies like those that made up the former Soviet Union, accounting standards are relatively less complex due to the fact that they are just beginning to be developed.

a. True
b. False

 

ANSWER:   True
DIFFICULTY:   Easy
LEARNING OBJECTIVES:   FACC.PONO.13.A-01 – LO: A-01
KEYWORDS:   Bloom’s: Remembering

 

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