California State University, Sacramento ACCY 190 CHAPTER 1 1)Which of the following is an example of a greenfield investment?   Many countries have recently liberalized their investment laws

California State University, Sacramento

ACCY 190

CHAPTER 1

1)Which of the following is an example of a greenfield investment?

2. Many countries have recently liberalized their investment laws. What is the primary reason for these actions?

3. The factor used to convert from one country’s currency to another country’s currency is called the:

4. As used in international accounting, a “hedge” is:

5. How should we recognize the difference between the value of a receivable in a foreign currency at the time it was recorded and the time the cash was received?

6. Which of the following statements is true about U.S. taxation of foreign subsidiaries?

7. Purchasing an option to buy foreign currency at a predetermined exchange rate in order to reduce exchange risk is called:

8. International accounting can be defined in terms of which the following levels?

9. For a U.S. multinational corporation, consolidating the financial statements of foreign subsidiaries requires two steps. First, the foreign subsidiary’s statements must be restated according to U.S. GAAP. The next step is to:

10. The five most multinational U.S. companies in 2008 were AES corporation, Liberty Group, Inc., Coca-Cola, ExxonMobil and: