Which of the Following Is an Example of a Multinational

question 4

Multiple Choice

Which of the following is an example of a multinational corporation?

• A)A Swiss bank with many international customers but without foreign branches.
• B)A hardware store that sells hammers from France and saws from Switzerland,as well as many products made in the U.S.
• C)Coca-Cola,which has bottling plants throughout the world.
• D)A bank that has locations in only the pacific northwest.

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Definitions:

Impairment Losses

Financial losses recognized when the carrying amount of an asset exceeds its recoverable amount.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any given jurisdiction, notably the U.S.

IFRS

International Financial Reporting Standards - a set of accounting standards developed by the International Accounting Standards Board that is used globally.

Intangibles

Assets that cannot be touched or physically measured, such as patents, copyrights, and trademarks.