The U.S. Chamber of Commerce supports a change from to IFRS to GAAP, saying it will help the United States compete in the world economy.
Indicate whether the statement is true or false.
Ans: True
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To get a better indication of a firm's ability to cover interest payments in the long run, the noncash charges for depreciation, depletion, and amortization can be added back to the times interest earned ratio
Indicate whether the statement is true or false
Ginza Enterprises, a subsidiary of Universal Enterprises based in Dallas, reported the following information at the end of its first year of operations (all in yen): assets--110,000,000; expenses--41,000,000; liabilities--97,500,000; capital stock--5,500,000; revenues--48,000,000 . Relevant exchange rates are as follows: On date subsidiary stock was purchased ................ $.085 Average rate
for the year ............................. .078 At year end ........................................... .075 As a result of the translation process, what amount is recorded on the financial statements as the translation adjustment? a. $21,000 debit adjustment b. $76,000 debit adjustment c. $21,000 credit adjustment d. $76,000 credit adjustment
With respect to the criteria used to determine the number of levels of work and differentials, ________ refers to the work performed in a job and how it gets done.
A. value B. contribution C. content D. procedure E. return
In moving from domestic to international management, managers need to develop a ________ portfolio of behaviors and the capacity to adjust their behavior for a particular situation.
A. limited B. narrow C. wide D. strong E. precise