ACC 557 TUTOR Invent Yourself/acc557tutor.com ACC 557 TUTOR Invent Yourself/acc557tutor.com | Page 12

all of these. honest or dishonest. right or wrong. fair or unfair.
12- Which of the following is not a reason one set of international accounting standards are needed?
multinational corporations mergers and acquisitions information technology
all of these are reasons one set of international accounting standards are needed.
13-Stockholders’ equity is decreased by all of the following except expenses. dividends. sales of stock. net losses.
14-The concern about international companies adopting SOX-type standards centers on
the governing authorities. comparability. cost-benefit analysis. ethics issues.