题目内容

With regard to the Ricardian and Heckscher-Ohlin models of international trade, the amount of capital relative to labor within a country is a factor in:

A. Both of these models.
B. Neither of these models.
C. Only one of these models.

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Which of the following statements about the FASB conceptual framework, as compared the IASB connectional framework, is most accurate?

A. The FASB framework allows for upward revaluations of tangible,long-lived assets.
B. The FASB framework and IASB framework are now fully converged.
C. The FASB framework lists revenue,expenses,gains,losses,and comprehensive income related to financial performance.

An auditor needs to review all of a companys transactions that took place between August 15 and August 17 of the current year. To find this information, she would most likely consult the companys:

A. General ledger.
B. General journal.
C. Financial statements.

Information about accounting estimates, assumptions, and methods chosen for reporting is most likely found in:

A. The auditors opinion.
B. Financial statement notes.
C. Managements Discussion and Analysis.

If a firm raises $10 million by issuing new common stock, which of its financial statements will reflect the transaction?

A. Income statement and statement of owners equity.
Balance sheet,income statement,and cash flow statement.
C. Balance sheet,cash flow statement,and statement of owners equity.

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