Question 1

Which of the following is typically included in the determination of income from continuing operations?

Accepted Answer

A)  other comprehensive income 
B)  non-operating gains and losses 
C)  gain on disposal of discontinued segment 
D)  reserved retained earnings 
A)  other comprehensive income 
B)  non-operating gains and losses 
C)  gain on disposal of discontinued segment 
D)  reserved retained earnings

Question 2

U.S. public companies are required to provide a statement of stockholders' equity.

Accepted Answer

A) True 
 B)False

Question 3

Other comprehensive income includes unrealized gains and losses from all investment securities.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is considered a permanent item when assessing earnings quality?

Accepted Answer

A)  a gain of the disposal of a truck 
B)  a loss on the sale of a machine which had been used in operations 
C)  general and administrative expenses of the corporate headquarters 
D)  a gain on discontinued operations 
A)  a gain of the disposal of a truck 
B)  a loss on the sale of a machine which had been used in operations 
C)  general and administrative expenses of the corporate headquarters 
D)  a gain on discontinued operations

Question 5

How are revenues similar to gains and how are they different?

Accepted Answer

Revenues and gains are both inflows or o

Which of the following is typically included in the determination of income from continuing operations?

U.S. public companies are required to provide a statement of stockholders' equity.

Other comprehensive income includes unrealized gains and losses from all investment securities.

Which of the following is considered a permanent item when assessing earnings quality?

How are revenues similar to gains and how are they different?

The Financial Reporting Environment

Financial Reporting Theory

Judgment and Applied Financial Accounting Research

Review of the Accounting Cycle

Statements of Financial Position and Cash Flows and the Annual Report

Accounting and the Time Value of Money

Revenue Recognition

Extenssion: Ol Revenue Recognition Previous Standard

Short-Term Operating Assets: Cash and Receivables

Short-Term Operating Assets: Inventory

Long-Term Operating Assets: Acquisition, Cost Allocation

Long-Term Operating Assets: Departures From Historical Cost

Operating Liabilities and Contingencies

Financing Liabilities

Accounting for Stockholders Equity

Investing Assets

Accounting for Income Taxes

Accounting for Leases

Extension: Ol Accounting for Leases Current Standard

Accounting for Employee Compensation and Benefits

Earnings Per Share

Accounting Corrections and Error Analysis

The Statement of Cash Flows

Filters

Exam 5: Statements of Net Income and Comprehensive Net Income

Which of the following is typically included in the determination of income from continuing operations?

U.S. public companies are required to provide a statement of stockholders' equity.

Other comprehensive income includes unrealized gains and losses from all investment securities.

Which of the following is considered a permanent item when assessing earnings quality?

How are revenues similar to gains and how are they different?

The Financial Reporting Environment

Financial Reporting Theory

Judgment and Applied Financial Accounting Research

Review of the Accounting Cycle

Statements of Financial Position and Cash Flows and the Annual Report

Accounting and the Time Value of Money

Revenue Recognition

Extenssion: Ol Revenue Recognition Previous Standard

Short-Term Operating Assets: Cash and Receivables

Short-Term Operating Assets: Inventory

Long-Term Operating Assets: Acquisition, Cost Allocation

Long-Term Operating Assets: Departures From Historical Cost

Operating Liabilities and Contingencies

Financing Liabilities

Accounting for Stockholders Equity

Investing Assets

Accounting for Income Taxes

Accounting for Leases

Extension: Ol Accounting for Leases Current Standard

Accounting for Employee Compensation and Benefits

Earnings Per Share

Accounting Corrections and Error Analysis

The Statement of Cash Flows

Filters