Homework answers / question archive / California State University, Sacramento ACCY 190 CHAPTER 2 1)In the Nobes classification of accounting systems, micro-based accounting systems are derived from:   Until 2008 Mexico used which of the following bases for fixed asset valuation?     Assets are commonly shown in order of their liquidity, or in reverse order of their liquidity

California State University, Sacramento ACCY 190 CHAPTER 2 1)In the Nobes classification of accounting systems, micro-based accounting systems are derived from:   Until 2008 Mexico used which of the following bases for fixed asset valuation?     Assets are commonly shown in order of their liquidity, or in reverse order of their liquidity

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3. Assets are commonly shown in order of their liquidity, or in reverse order of their liquidity. What does “liquidity” mean?

 

4. A cultural preference for loosely knit social fabric rather than tightly knit social fabric is referred to by the term:

 

5. In some countries, financial institutions operate under Shariah, which also gives guidance about accounting practice in these institutions. What is “Shariah?”

 

6. In code law countries such as Germany, France, and Japan, tax law and accounting standards tend to be:

 

7. According to the research of Christopher Nobes, what is the primary determinant of the accounting systems in developing countries?

 

8. In their 1993 paper, Doupnik and Salter found that counties tended to cluster in terms of the similarities or differences of their accounting systems. These researchers attribute the large cluster around Great Britain to:

 

9. In some countries, financial accounting and tax accounting are so closely related that there is very little need to account for deferred income taxes. Of the countries listed below, which has a financial accounting system that is most different from its tax laws?

 

10. The term “Class B Accounting” as it is used by the researcher Christopher Nobes refers to: