Question 1

A cause-and-effect relationship is implicit in the:

Accepted Answer

A) Realization principle. 
B) Historical cost principle. 
C) Matching principle. 
D) Going concern assumption. 
A) Realization principle. 
B) Historical cost principle. 
C) Matching principle. 
D) Going concern assumption.

Question 2

Compute the cash balance at the end of the first year for Tri Fecta.

Accepted Answer

The answer of Compute the cash balance at the end...

Question 3

Maltec Corporation has started placing its quarterly financial statements on its web page,thereby reducing by 10 days the time to get information to investors and creditors.The qualitative concept improved is:

Accepted Answer

A) Comparability. 
B) Consistency. 
C) Timeliness. 
D) Faithful representation. 
A) Comparability. 
B) Consistency. 
C) Timeliness. 
D) Faithful representation.

Question 4

SFAC No.5 focuses on:

Accepted Answer

A) Objectives of financial reporting. 
B) Qualitative characteristics of accounting information. 
C) Recognition and measurement concepts in accounting. 
D) Elements of financial statements. 
A) Objectives of financial reporting. 
B) Qualitative characteristics of accounting information. 
C) Recognition and measurement concepts in accounting. 
D) Elements of financial statements.

A cause-and-effect relationship is implicit in the:

Compute the cash balance at the end of the first year for Tri Fecta.

Maltec Corporation has started placing its quarterly financial statements on its web page,thereby reducing by 10 days the time to get information to investors and creditors.The qualitative concept improved is:

SFAC No.5 focuses on:

Review of the Accounting Process

The Balance Sheet and Financial Disclosures

The Income Statement, comprehensive Income, and the Statement of Cash Flows

Income Measurement

Time Value of Money Concepts

Cash and Receivables

Inventories: Measurement

Inventories: Additional Issues

Property, plant, and Equipment and Intangible Assets: Acquisition and Disposition

Property, plant, and Equipment and Intangible Assets: Utilization and Impairment

Investments

Current Liabilities and Contingencies

Bonds and Long-Term Notes

Leases

Accounting for Income Taxes

Pensions and Other Postretirement Benefits

Shareholders Equity

Share-Based Compensation and Earnings Per Share

Accounting Changes

The Statement of Cash Flows

Filters

Exam 1: Environment and Theoretical Structure of Financial Accounting

A cause-and-effect relationship is implicit in the:

Compute the cash balance at the end of the first year for Tri Fecta.

Maltec Corporation has started placing its quarterly financial statements on its web page,thereby reducing by 10 days the time to get information to investors and creditors.The qualitative concept improved is:

SFAC No.5 focuses on:

Review of the Accounting Process

The Balance Sheet and Financial Disclosures

The Income Statement, comprehensive Income, and the Statement of Cash Flows

Income Measurement

Time Value of Money Concepts

Cash and Receivables

Inventories: Measurement

Inventories: Additional Issues

Property, plant, and Equipment and Intangible Assets: Acquisition and Disposition

Property, plant, and Equipment and Intangible Assets: Utilization and Impairment

Investments

Current Liabilities and Contingencies

Bonds and Long-Term Notes

Leases

Accounting for Income Taxes

Pensions and Other Postretirement Benefits

Shareholders Equity

Share-Based Compensation and Earnings Per Share

Accounting Changes

The Statement of Cash Flows

Filters