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multiple choice1 which of the following best describes ldquocomprehensive incomerdquoa comprehensive income is the
1recognition of a past event is sometimes governed by whether a ldquoone-event viewrdquo or a ldquotwo-event viewrdquo
truefalse1the current operating approach has led to the concept of comprehensive income2comprehensive income is the
1identify and define the five types of liabilities2how should stock dividends be measured and accounted fornbsp is this
essay questions1a what is meant by the ldquoarticulatedrdquo approach to financial statementsb how does the
multiple choice1which one of the following types of liabilities is not currently recognized on balance sheetsadeferred
multiple choice1which of the following is a true statementaunder the articulated concept accounting elements are
truefalse1inventory is carried at the lower of historical cost or replacement costans t2in sfas no 121 both the
truefalse1if the balance sheet and income statement are non-articulated they are linked together mathematically without
1distinguish between finite uniformity rigid uniformity and flexibilitynbsp also explain when each is appropriately
essay questions1 how does the concept of uniformity relate to comparability in the accounting literature2what is meant
multiple choice1which of the following is a true statementadisclosure is concerned with information in the financial
multiple choice1which of the following is not a true statementacomparability refers to accounting for similar
truefalse1rigid uniformity considers relevant circumstances2flexibility is an approach to the uniformity
truefalse1events are economic occurrences that require accounting entries2the concept of uniformity appears to overlap
1identify four qualities that are pertinent to accounting measures2use an example to distinguish between measurements
essay questions1 what is the policy function performed by bodies such as the fasb and the sec nbsplist and discuss the
multiple choice1which of the following specifically refers to the process of arriving at a pronouncement issued by the
multiple choice1which of the following methods of valuing an asset is based on the amount that a firm could acquire by
truefalse1assessment measures are not concerned with particular attributes of objects2prediction measures are concerned
truefalse1financial accounting refers to accounting information that is used by management for decision-making
the danger of lost buying power during times of rising prices is referred to as inflation risk economic risk personal
question 1 what is the net present value of the following cash flows assume an interest rate of 14 year cf 0 -14998 1
presume you bought 5000 worth of a stock one year ago for 3546 it has since paid a dividend of 088 per share the
you bought one of great white shark repellant cos 62 percent coupon bonds one year ago for 1038 these bonds make