Agricultural Studies > Solutions Guide > 99 CFAS- Final Exam Questions with Correct Answers (All)
99 CFAS- Final Exam Questions with Correct Answers If doing so eliminates or reduces an accounting mismatch >>>Under what condition can an entity classify financial asset that meets the amortized... cost criteria at FVPL? Integral part of the entity's basic financial statements >>>An entity shall prepare and present a statement of cash flows as Cost of designing product for specific customers >>>Costs incurred in bringing the inventory to the present location and condition include C. Production of agricultural produce >>>Biological transformation results from asset changes through all of the following, except A. Procreation B. Degeneration C. Production of agricultural produce D. Growth D. Biological asset and agricultural produce >>>Agricultural activity results in which of the following type of asset? A. Neither biological, asset nor agricultural produce B. Agricultural produce C. Biological asset D. Biological asset and agricultural produce Inventory >>>Consumable stores or supplies to be consumed in the production process are reported as B. to rectify inappropriate accounting policies >>>Which of the following is not a purpose of the notes? A. to present information about the basis of preparation of the financial statements and the specific accounting policies B. to rectify inappropriate accounting policies C. to disclose the information required by PFRSS that is not presented elsewhere in the financial statements D. to provide information that is not presented elsewhere in the financial statements but is relevant to an understanding of any of the financial statements. C. Entity A considers the items included in these line items as dissimilar and cannot be included in material classes of similar items and are also individually immaterial to warrant separate presentation. >>>The financial statements of Entity A shows line items described as "Other current assets," "Other noncurrent liabilities," and "Miscellaneous expenses." Which of the following is correct? 1/1 A. Entity A considers the items included in these line items as individually material but with dissimilar nature or function. B. This manner of presenting items is unacceptable under PAS 1. C. Entity A considers the items included in these line items as dissimilar and cannot be included in material classes of similar items and are also individually immaterial to warrant separate presentation. D. Entity A considers the items included in these line items as comprising a material class of similar items. Other Comprehensive Income >>>This term comprises items of income and expense including reclassification adjustments, that are not recognized in profit or loss as required or permitted by PFRS. More than the face amount of the bond >>>When an investor purchased a bond between interest dates at a premium, the cash paid to the seller is D. Systematic allocation of administrative overhead >>>The costs of conversion of inventory include all of the following, except 1/1 A. Costs directly related to the units of production, such as direct labor B. Systematic allocation of variable production overhead C. Systematic allocation of fixed production overhead D. Systematic allocation of administrative overhead Accrual Basis >>>On Day 1, a customer buys goods from Entity A and promises to pay the sale price on Day 30. Entity A recognizes sales revenue on Day 1 rather than on Day 30. This is an application of which of the following accounting concepts? B. All of these statements are true. >>>Which statement is true when a financial asset at FVOCI is reclassified to FVPL? 1/1 A. The cumulative gain or loss previously recognized in OCI is reclassified to profit or loss. B. All of these statements are true. C. The fair value at reclassification date becomes the new carrying amount. D. The financial asset continues to be measured at fair value. C. Payment of taxes >>>Which of the following events is not considered an exchange or reciprocal transfer? A. Purchase of inventory on account B. Lending money to another entity C. Payment of taxes D. Payment of loan payable Charge to expense for the period >>>What is the treatment for abnormal freight in? The price that would be received to sell the asset at the measurement date. >>>Fair value of an asset should be based upon 20x1, None; 20x2, Operating or Financing >>>Entity A declares cash dividends in 20x1 and pays the dividends in 20x2. How should Entity A report the dividends paid in the statement of cash flows for 20x1 Deducted from inventory, whether taken or not >>>Theoretically, cash discounts permitted on purchased raw materials should be [Show More]
Last updated: 1 year ago
Preview 1 out of 14 pages
Managerial Economics> Solutions Guide > Managerial Economics in a Global Economy 8th Edition By Dominick Salvatore (Solutions Manual ) (All)
Reflecting the highly globalized nature of tastes, production, labor markets, and financial markets in today's world, Managerial Economics in a Global Economy, Eighth Edition, presents the theory of t...
By eBookSmTb , Uploaded: Jun 01, 2022
$20
Business Administration> Solutions Guide > Australasian Business Statistics 4th Edition By Black, Asafu ,Adjaye, Burke, Khan, King, Perera, Papadimos, Sherwood, Wasimi (Solution Manual All Chapters) (All)
Data-driven decisions are driving the global knowledge economy. To get the edge, graduates need the power of statistical analysis to create business insight. This fourth edition of Australasian Busine...
By eBookSmTb , Uploaded: Nov 23, 2021
$20
Business Law> Solutions Guide > International Economics Theory and Policy 12th edition By Paul R. Krugman, Maurice Obstfeld, Marc Melitz (Solutions Manual ) (All)
1. Introduction PART 1: INTERNATIONAL TRADE THEORY 2. Word Trade: An Overview 3. Labor Productivity and Comparative Advantage: The Ricardian Model 4. Specific Factors and Income Distribution 5....
By eBookSmTb , Uploaded: Nov 05, 2022
$25
Education> Solutions Guide > Essentials of Accounting for Governmental and Not-for-Profit Organizations, 14th Edition By Paul Copley (Solutions Manual ) (All)
The focus of Copley's Essentials of Accounting for Governmental and Not-for-Profit Organizations, 14th edition is on the preparation of external financial statements which is a challenge for governmen...
By eBookSmTb , Uploaded: Oct 07, 2022
$20
Urban Policy and Planning> Solutions Guide > Dental list Yellow pages (All)
HumanaDental PPO dental directory Location: 15 miles from 07304 May 16, 2018 Dentist Locations: 4638 Get the most out of your dental plan. the covered person must send us a letter requesting a...
By Academia1434 , Uploaded: Mar 30, 2021
$1
Statistics> Solutions Guide > MAT 240 Module Five Assignment Hypothesis Testing for Regional Real Estate Company (All)
Scenario You have been hired by the Regional Real Estate Company to help them analyze real estate data. One of the company’s Pacific region salespeople just returned to the office with a newly desi...
By ACADEMICTUTORIAL , Uploaded: May 26, 2022
$4
Finance> Solutions Guide > Week 4 Mini Case Complete The Chapter 9 (All)
During the last few years, Jana Industries has been too constrained by the high cost of capital to make many capital investments. Recently, though, capital costs have been declining, and the company h...
By ACADEMICTUTORIAL , Uploaded: May 26, 2022
$3.5
Accounting> Solutions Guide > ACCT370 Excel Project Part 3 (All)
EXCEL PROJECT: PROJECTING FINANCIAL STATEMENTS ASSIGNMENT INSTRUCTIONS OVERVIEW Common Sized Balance Sheets (Tabs 12), Common Sized Income Statements (Tab 13), Horizontal Analysis Balanc...
By ACADEMICTUTORIAL , Uploaded: Feb 14, 2023
$6.5
Business> Solutions Guide > Read the Chapter 19 Mini Case in Financial Management: Theory and Practice (All)
Chapter 18 leasing and financing Chapter 19 Mini Case in Financial Management Lewis Securities Inc Read the Chapter 19 Mini Case in Financial Management: Theory and Practice. Using complete sen...
By ACADEMICTUTORIAL , Uploaded: May 01, 2023
$5.5
Calculus> Solutions Guide > Applied Calculus, 6th Edition By Hughes-Hallett, Lock, Gleason (Solutions Manual) (All)
A text for interactive Calculus courses, featuring innovative problems This sixth edition of Applied Calculus engages students with well-constructed problems and content to deepen understanding. The R...
By eBookSmTb , Uploaded: Dec 09, 2022
$25
Connected school, study & course
About the document
Uploaded On
Sep 19, 2022
Number of pages
14
Written in
This document has been written for:
Uploaded
Sep 19, 2022
Downloads
0
Views
50
Avoid resits and achieve higher grades with the best study guides, textbook notes, and class notes written by your fellow students
Your fellow students know the appropriate material to use to deliver high quality content. With this great service and assistance from fellow students, you can become well prepared and avoid having to resits exams.
Your fellow student knows the best materials to research on and use. This guarantee you the best grades in your examination. Your fellow students use high quality materials, textbooks and notes to ensure high quality
Get paid by selling your notes and study materials to other students. Earn alot of cash and help other students in study by providing them with appropriate and high quality study materials.
In Browsegrades, a student can earn by offering help to other student. Students can help other students with materials by upploading their notes and earn money.
We're available through e-mail, Twitter, Facebook, and live chat.
FAQ
Questions? Leave a message!
Copyright © Browsegrades · High quality services·