Which of the Following Is Not a Reason One Set

question 182

Multiple Choice

Which of the following is not a reason one set of international accounting standards are needed?

• A) multinational corporations.
• B) financial markets.
• C) information technology.
• D) all of the above are reasons one set of international accounting standards are needed.
• IFRS.

Comprehend the unique nature of projects and project management.

Understand the impact of timing on project costs and scope changes.

Define and differentiate between commodities and specialized equipment in project management.

Identify the roles, goals, and focuses of project managers.

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Definitions:

Statement of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, analyzing a company’s financing, investing, and operating activities.

Operating Activities

Transactions related to the primary business activities, detailed in the cash flow statement.

Merchandising Company

A business that purchases finished goods for resale, making a profit on the difference between the sale price and the purchase price.

Cash Outflow

Money or cash spent by a company for operating expenses, investments, and financing activities.