The exchanges in which of the following countries or regions do NOT accept the International Financial Reporting Standards set out by the International Accounting Standards Board?

A) Germany
B) France
C) United States
D) United Kingdom


Answer: C

Business

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One method to measure the creative reputation and capability of an advertising agency is to look at a list of awards the company has received for past campaigns

Indicate whether the statement is true or false

Business

On January 1, 2017, Xit Company bought a new delivery truck for $30,000. Xit plans to use the truck for 4 years, after which it will be sold for $6,000. Depreciation expense for 2020, the fourth year of use, using double-declining-balance equals:

A. $0. B. $1,500. C. $6,000. D. $3,750.

Business

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 200 shares of its common stock on May 1 for $10,000. On July 1, it reissued 100 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?

A. $10,100. B. $0. C. $100. D. $10,200. E. $5200.

Business

Dividends should appear on the statement of retained earnings

Indicate whether the statement is true or false

Business