Q1. The process of developing one universally accepted set of accounting standards is best described as: A) unification. B) IASB. C) convergence.
Q2. Which of the following is most likely to be considered a barrier to developing one universally recognized set of reporting standards? A) Reluctance of firms to adhere to a single set of reporting standards. B) GATT already requires sufficient agreement. C) Different standard-setting bodies of different countries disagree on the best treatment of a particular issue.
Q3. The term “convergence” is most accurately used to describe: A) the process of developing one universally accepted set of accounting standards. B) the reduction of the premium on a bond as it nears maturity. C) when expected return and required return are equal.
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发表于 2009-1-16 09:56
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