Which of the following is not a true statement regarding SFAS No. 8?
a. SFAS was faithful to the historical cost accounting model, but from an economic viewpoint, it produced illogical results.
b. SFAS No. 8 required the temporal method of translation.
c. In empirical studies made of the economic impact of SFAS No. 8 on American multinational enterprises, only foreign exchange risk and management policies regarding hedging of foreign currency exposures were found to have any possible impact.
d. SFAS No. 8 was consistent with the foreign currency orientation.
ANSWER: D
You might also like to view...
Ryan purchased a bond for $980 at the beginning of 2011. He received annual interest payments of $55 at the end of each year through 2016 when the bond was redeemed at its face value of $1,000
Compute the yield (internal rate of return) Ryan earned on his bond purchase. A) 5.50% B) 5.61% C) 5.91% D) .34%
In a broadband LAN, carrier frequencies are used to modulate the signals on different channels
a. True b. False
Chiodini Inc. has a $900,000 investment opportunity that involves sales of $2,430,000, fixed expenses of $1,044,900, and a contribution margin ratio of 50% of sales. The ROI for this year's investment opportunity considered alone is closest to:
A. 135.0% B. 18.9% C. 7.0% D. 16.3%
Answer the following statement(s) true (T) or false (F)
An analysis of Walmart’s corporate social responsibility practices suggests that the firm’s stakeholders have very little influence in shaping corporate actions.