Which of the following correctly addresses how international accounting standards differ from U.S. GAAP as they pertain to translation of foreign financial statements using the current or functional method?
a. The difference resulting from translation is recognized in income rather than other comprehensive income.
b. The methodology varies in that historical rates are used for certain
nonmonetary assets.
c. The difference resulting from translation may be recognized in income for reasons besides the parent's disposal of the foreign entity.
d. There are no differences.
c
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Opa Energy Drinks Ltd. carefully weighed the cost and benefit options of hiring a sales force for its line of beverages versus launching a national advertising campaign. In the end, president Ernie Opa opted for a national advertising campaign on television and radio. What type of strategy is Opa following?
a. a pull strategy b. a push strategy c. a product promotion strategy d. a push-pull strategy
Which of the following examples best illustrates indirect network externalities?
a. A successful mail-based video company increases the volume of mail for FedEx. b. A ring-tone and "wallpaper" company generates work for graphic designers and musicians. c. A cell phone company's platform is so successful that developers of cell phone accessories and innovative software build on that platform. d. A software company upgrades programs every few years and offers the upgrades to past customers for a fee. e. All of the above are examples of indirect network externalities.