What obligation will exempt from inclusion on balance sheet

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International accounting

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1. The new lease standard requires that leases will be included on the Balance Sheet. There is an exemption to this new rule. What obligations will be exempt from inclusion on the Balance Sheet?

2. The Treasury Department recently sought to limit the benefits that U.S. companies can claim when they pay taxes overseas. This was in an effort to cushion the blow from Europe's demand that what company pony up $14.5 billion in unpaid taxes?

3. In June of this year, the German Auditor Oversight Commission was replaced by what group? This group and PCAOB will be working together for what purpose?

4. The Asian Infrastructure Investment Bank (AIIB) is backed by China as well as UK, Germany, Australia and South Korea. What country (a US ally) recent applied to join AIIB?

Reference no: EM131220316

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