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.
15- The private sector organization involved in developing accounting
principles is the