F3 general cards

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F3 general cards
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  1. -------------------------- classified as held to maturity are reported at amortized cost
    Debt securities (bonds)
  2. Debt securites (bonds) classified as ----------------------- are reported at amortized cost
    held to maturity
  3. Debt securites (bonds) classified as held to maturity are reported at -----------------
    amortized cost
  4. -------------------------------- classified as available for sale are reported at fair value
    Debt securites
  5. Debt securities classified as -------------------------- are reported at fair value
    Available for sale
  6. Debt securities classified as available for sale are reported at ---------------------
    fair value
  7. -------------------------------- are reported at fair value with holding gains and losses included in earnings
    trading securities
  8. Trading securities are reported at ------------------ with holding gains and losses included in earnings
    Fair value
  9. Trading securities are reported at fair value with holding gains and losses included in --------------
    earnings
  10. ------------------------------- which are intended to be held until the maturity date aare classified as held to maturity securites and are reported at their amortized cost
    Bond investments
  11. Bond investmetns which are intended to be held until the ------------------------------ aare classified as held to maturity securites and are reported at their amortized cost
    Maturity date
  12. Bond investmetns which are intended to be held until the maturity date aare classified as held to --------------------------- and are reported at their amortized cost
    Matutity securities
  13. Bond investmetns which are intended to be held until the maturity date aare classified as held to maturity securites and are reported at their -------------------------
    amortized cost
  14. investments in marketable ewuity securites which the company does not intend to sell in the near term should be classified as ------------------------.
    available for sale
  15. ----------------------------------- on avalable for sale securites should be reported as a separate component of other comprehensive income
    Unrealized gains and losses
  16. Unrealized gains and losses on ------------------------------ securites should be reported as a separate component of other comprehensive income
    avaliable for sale
  17. Unrealized gains and losses on avalable for sale securites should be reported as a separate component of ----------------------------------------------------------
    other comprehensive income
  18. trading securites reported at --------------------------- with unrealized gains and losses included in earnings
    fair value
  19. ------------------------------ reported at fair value with unrealized gains and losses included in earnings
    trading securities
  20. trading securites reported at fair value with unrealized gains and losses included in --------------------
    earnings
  21. available for sale securities reported at --------------------- with unrealized gains and losses reported as a separate component of other comprehensive income until realized
    fair value
  22. --------------------------------- securities reported at fair value with unrealized gains and losses reported as a separate component of other comprehensive income until realized
    available for sale
  23. available for sale securities reported at fair value with unrealized gains and losses reported as a ------------------------------------- of other comprehensive income until realized
    separate component
  24. available for sale securities reported at fair value with unrealized gains and losses reported as a separate component of ------------------------------------ until realized
    other comprehensive income
  25. ------------------------------ both debt and equity are to be reported at fair value at the end of the current reporting period
    trading securities
  26. trading securities both debt and equity are to be reported at --------------------------- at the end of the current reporting period
    fair value
  27. trading securities both ------ and --------- are to be reported at fair value at the end of the current reporting period
    debt/ equity
  28. when an avaialbe for sale security is determined to be impaired becouse of an other tempory decline in fair value below cost the asset must be written down to the lower fair value by recording a loss that is recognized on the -----------------------------------
    income statement
  29. when an ------------------------------- security is determined to be impaired becouse of an other tempory decline in fair value below cost the asset must be written down to the lower fair value by recording a loss that is recognized on the income statement
    available for sale
  30. when an avaialbe for sale security is determined to be impaired becouse of an other tempory decline in fair value below cost the asset must be written down to the ----------------------------- by recording a loss that is recognized on the income statement
    lower fair value
  31. Under ------------------ unrealized gians and losses for all avaible for sale securites and foreign exchange gains and losses for avaiable for sale equity securitites are reported as other comprehensive income
    IFRS
  32. Under IFRS unrealized gians and losses for all avaible for sale securites and foreign exchange gains and losses for avaiable for sale equity securitites are reported as ---------------------------------------------
    other comprehensive income
  33. Under IFRS reversals of impairment losses are allowed and the increase would be booked to the current years ------------------------------------
    income statement
  34. Under -------------- reversals of impairment losses are allowed and the increase would be booked to the current years income statement
    IFRS
  35. Under IFRS reversals of ----------------------- are allowed and the increase would be booked to the current years income statement
    impairmant losses
  36. Reporting consolidated financial statements is consistent wihtthe consept that the --------------------------- can be identified with a unit of accountability
    economic entity
  37. consolidated financial statements are prepared when a ---------------------------------- relationship has been formed.
    parent subsidary
  38. Under the --------------------- dividend are reflected as income by investor.  The ------- basis investment account is reduced only if
    1. shares of stock are sold
    2. cumulative dividends exceed cumulative earnings
    3. subsidiary incurs losses that substantially reduced net worth
    cost method / cost
  39. Under the cost method dividend are reflected as ---------------------------------------.  The cost basis investment account is reduced only if
    1. shares of stock are sold
    2. cumulative dividends exceed cumulative earnings
    3. subsidiary incurs losses that substantially reduced net worth
    income by investor
  40. Under the cost method dividend are reflected as income by investor.  The cost basis investment account is reduced only if.....
    • 1. shares of stock are sold
    • 2. cumulative dividends exceed cumulative earnings
    • 3. subsidiary incurs losses that substantially reduced net worth
  41. Under the --------------------------- dividend revenue should be recognized tot he extent of cumulative earnings since acquisition and return of capital beyond that point
    cost method
  42. Under the cost method dividend revenue should be recognized tot he extent of --------------------------- since acquisition and return of capital beyond that point
    cumulative earnings
  43. under the equity method, a investor records as revenue its share of the investees earning( not dividends recieved)
    equity method
  44. under the equity method, a investor records as revenue its share of the -------------------------( not dividends recieved)
    investees earnings
  45. Under the ------------------------- deivdends form an investee company are recorded by the investor as a reduction in the carrying amount of the investmetn on the balance sheet of the investor.
    equity method
  46. Under the equity method ---------------------- form an investee company are recorded by the investor as a reduction in the carrying amount of the investmetn on the balance sheet of the investor.
    dividends
  47. Under the equity method deivdends form an investee company are recorded by the investor as a ------------------------------------------------------ on the balance sheet of the investor.
    reduction in the carrying amount of the investment
  48. Under the equity method deivdends form an investee company are recorded by the investor as a reduction in the carrying amount of the investmetn on the --------------------- of the investor.
    balance sheet
  49. under the ----------------------------- changes in the market value of investees common stock are not considered income to the parent
    equity method
  50. under the equity method changes in the ----------------------- of investees common stock are not considered income to the parent
    market value
  51. under the equity method changes in the market value of investees ----------------------------- are not considered income to the parent
    common stock
  52. under the equity method changes in the market value of investees common stock are not considered -------------------------- to the parent
    income
  53. Under the ------------------------------------ stock dividends and stock splits are not considere income to the recipient.  Therefore investors do not record stock dividends at fair value.  They simply reallocate the investment account balance over more shares so that value per share decreases.
    cost and equity methods
  54. Under the cost and equity methods stock dividends and stock splits are not considere income to the recipient.  Therefore investors ------------------- record stock dividends at fair value.  They simply reallocate the investment account balance over more shares so that value per share decreases
    do not
  55. Under the cost and equity methods stock dividends and stock splits are not considere income to the recipient.  Therefore investors do not record stock dividends at fair value.  They simply reallocate the investment account balance over more shares so that --------------------- decreases
    value per share
  56. When 2 or more purchases of stock cause ownership to go from less than ------ to more than -------- the equity method should be used and the periods during which the cost method was used are retroactivitiely restated
    20% / 20%
  57. When 2 or more purchases of stock cause ownership to go from less than 20% to more than 20% the ---------------- should be used and the periods during which the cost method was used are retroactivitiely restated
    equity method
  58. When 2 or more purchases of stock cause ownership to go from less than 20% to more than 20% the equity method should be used and the periods during which the cost method was used are ----------------------------------
    retroactivitly restated
  59. stock dividend is not reported as revenue only a memo entry is made
    memo
  60. ----------- dividend is not reported as revenue only a memo entry is made
    stock
  61. cash dividend (under the equity method) reduces the investment account but does not affect revenue
    reduces
  62. cash dividend (under the equity method) reduces the investment account but does not affect -----------
    revenue
  63. cash dividend (under the equity method) reduces the ------------------------------but does not affect revenue
    investment account
  64. Under the acquisition method, when the acquisition price exceeds the ------------------- of net assets acquired assets and liabilities should be presented at ----------------------
    fair value / fair value
  65. Under the acquisition method, when the acquisition price exceeds the fair value of net assets acquired ---------------------------------- should be presented at fair value
    assets and liabilites
  66. Under the acquistiion method fees of finders and consultants are ---------------- in the period incurred.
    expensed
  67. Under the acquistiion method fees of finders and consultants are expensed in the ----------------------.
    period incurred
  68. under the acquisition method registration fees for equity securitties issued ---------------------- additional paid in capital ( stockholders equity)
    decrease
  69. under the acquisition method registration fees for equity securitties issued decrease ---------------------------- ( stockholders equity)
    additional paid in capital
  70. To get the balance sheet fair value adjustment

    Fair value of net assets
    -Book value net assets
    =
    Balance sheet fair value adjustment
    Fair value of net assets
  71. To get the balance sheet fair value adjustment

    Fair value of net assets
    -  -------------------------------------

    =Balance sheet fair value adjustment
    Book value net assets
  72. When a subsidary is aquired with an acquisition cost that is ------- than the fair value of the underlying assets the following steps are required

    1. The balance sheet is adjusted to fair value which creates a negitive balance in the acquisition account
    2. Identifiable intangible assets are recognized at fair value which increases the negative balance in the acquisition account
    3. the total negative balance in the acquisition account is recorded as a gain
    less
  73. When a subsidary is aquired with an acquisition cost that is less than the fair value of the underlying assets the following steps are required

    1.--------------------------------------------------------
    2. Identifiable intangible assets are recognized at fair value which increases the negative balance in the acquisition account
    3. the total negative balance in the acquisition account is recorded as a gain
    The balance sheet is adjusted to fair value which creates a negitive balance in the acquisition account
  74. When a subsidary is aquired with an acquisition cost that is less than the fair value of the underlying assets the following steps are required

    1. The balance sheet is adjusted to fair value which creates a negitive balance in the acquisition account
    2. ----------------------------------------------------------
    3. the total negative balance in the acquisition account is recorded as a gain
    Identifiable intangible assets are recognized at fair value which increases the negative balance in the acquisition account
  75. When a subsidary is aquired with an acquisition cost that is less than the fair value of the underlying assets the following steps are required
    1. The balance sheet is adjusted to fair value which creates a negitive balance in the acquisition account
    2. Identifiable intangible assets are recognized at fair value which increases the negative balance in the acquisition account
    3. ------------------------------------------------------------
    the total negative balance in the acquisition account is recorded as a gain
  76. When a subsidary is aquired with an ------------------- that is less than the fair value of the underlying assets the following steps are required

    1. The balance sheet is adjusted to fair value which creates a negitive balance in the acquisition account
    2. Identifiable intangible assets are recognized at fair value which increases the negative balance in the acquisition account
    3. the total negative balance in the acquisition account is recorded as a gain
    acquisition cost
  77. a business combination is accounted for properly as an acquisition.  Direct costs of combination other than registration and issueance costs of equity securities should be ?
    deducted in determining the net income of the combined corporation for the period in which the costs were incurred
  78. Under the acquistion method, direct cost are expensed in the period incurred
    period incurred
  79. Under the acquistion method, ------------are expensed in the period incurred
    direct cost
  80. with acquisition accounting the net assets acquired are based on ------------------------.  the fair value of finished goods and and merchindise inventory are based upon selling price less disposal costs and a reasonable profit allowance.
    fair market value
  81. with acquisition accounting the net assets acquired are based on fair market value.  the fair value of finished goods and and merchindise inventory are based upon ----------------------------------------------------------------------.
    selling price less disposal costs and reasonable profit allowance
  82. with acquisition accounting the net assets acquired are based on fair market value.  the fair value of ------------------------------------------------------ are based upon selling price less disposal costs and a reasonable profit allowance.
    finished goods and merchindise inventory
  83. with acquisition accounting the ------------- acquired are based on fair market value.  the fair value of finished goods and and merchindise inventory are based upon selling price less disposal costs and a reasonable profit allowance.
    net assets
  84. under the acquisition method the ----------- of raw materials should be based upon replacement costs
    fair value
  85. under the acquisition method the fair value of raw materials should be based upon -----------------------------
    replacement costs
  86. Under the acquisition method the --------------------- of work in process should be based upon the estimated selling of finished goods less the costs to complete and dispose and a reasonable profit allowance
    fair value
  87. Under the acquisition method the fair value of -------------------------------- should be based upon the estimated selling of finished goods less the costs to complete and dispose and a reasonable profit allowance
    work in process
  88. Under the acquisition method the fair value of work in process should be based upon the estimated selling of finished goods less the costs to complete and dispose and a reasonable ----------------------------
    profit allowance
  89. Under the acquisition method the fair value of work in process should be based upon the estimated ------------------------------- less the costs to complete and dispose and a reasonable profit allowance
    selling of  finished goods
  90. under the acquisition method --------------------- are an appropriate measure of fiar market value for raw materials inventory but not finished goods
    replacement costs
  91. under the acquisition method replacement costs are an appropriate measure of --------------------------- for raw materials inventory but not finished goods
    fair market value
  92. under the acquisition method replacement costs are an appropriate measure of fiar market value for ---------------- inventory but not finished goods
    raw materials
  93. under the acquisition method replacement costs are an appropriate measure of fiar market value for raw materials inventory but not ----------------------
    finished goods
  94. Under the aquisition method ------------------ is the excess of the perchase price over the fair market value of the net assets aquired
    goodwill
  95. Under the aquisition method goodwill is the excess of the ------------------------- over the fair market value of the net assets aquired
    purchase price
  96. Under the aquisition method goodwill is the excess of the perchase price over the ---------------------- of the net assets aquired
    fair market value
  97. When reporting dividends on the consolisated balance sheet, the sub's dividends are -------- eliminated
    100%
  98. When reporting dividends on the consolisated balance sheet, the ------- dividends are 100% eliminated
    sub's
  99. A purchase by a member of a consolidated group of stock of another member of the consolidated group is treated as a treasury stock transaction.  This follows the theory of consolidated financiial statements presenting --------------------------------. ( You cannot make money selling stock to yourself)
    one economic entity
  100. When a company owns less than ------ of common stock of an investee corporation, the investment account can be reported under the cost or equity method depending on whether signifincant influence is exercised.  Receivables and payables to the investee are reported separately on the balance sheet.
    50%
  101. When a company owns less than 50% of common stock of an investee corporation, the investment account can be reported under the -------------------------- depending on whether signifincant influence is exercised.  Receivables and payables to the investee are reported separately on the balance sheet.
    cost or equity methods
  102. When a company owns less than 50% of common stock of an investee corporation, the investment account can be reported under the cost or equity method depending on whether signifincant influence is exercised.  ------------------------------------------- to the investee are reported separately on the balance sheet.
    Receivables and payables
  103. When a company owns less than 50% of common stock of an investee corporation, the investment account can be reported under the cost or equity method depending on whether signifincant influence is exercised.  Receivables and payables to the investee are reported --------------------- on the balance sheet.
    separately
  104. When a company owns less than 50% of common stock of an investee corporation, the investment account can be reported under the cost or equity method depending on whether signifincant influence is exercised.  Receivables and payables to the investee are reported separately on the balance sheet.
    balance sheet
  105. Sales and cost of goods sold should be reduced by the ---------------------------------------.
    intercompany sales
  106. formula for unrealized profit to be eliminated from inventory

    ---------------------------------------
    *
    %of inventory purchased still on hand
    Intercompany profit on inventory
  107. formula for unrealized profit to be eliminated from inventory

    Intercompany profit on inventory
    *
    ----------------------------------------
    % of inventory purchased still on hand
  108. 100% of all intercompany balances among members of the consolidated group are eliminted
    100%
  109. 100% of all intercompany balances among members of the ------------------------------- are eliminted
    consolidated group
  110. 100% of all -------------------------- balances among members of the consolidated group are eliminted
    intercompany
  111. ----- intercompany billings are eliminated in consolidation
    all
  112. All intercompany billings are --------------------- in consolidation
    eliminated
  113. All -------------------------- are eliminated in consolidation
    intercompany billings
  114. Fixed asset cost is based on original cost from the ------------------------- and remains the same onthe consolidated financial statements
    outside word
  115. Fixed asset cost is based on original cost from the outside world and remains the same on the ------------------------------------------------------
    consolidated financial statements
  116. Fixed asset cost is based on ----------------------- from the outside world and remains the same onthe consolidated financial statements
    original cost
  117. When members of a ---------------------------- have intercompany bond holdings the bonds are eliminated in consolidation and the difference (gain or loss) between the discounted issue price and the premium on reacquisition would be included in retained earnings
    consolidated group
  118. When members of a consolidated group have intercompany bond holdings the bonds are eliminated in consolidation and the difference (gain or loss) between the discounted issue price and the premium on reacquisition would be included in --------------------------
    retained earnings
  119. When members of a consolidated group have ---------------------------------------the bonds are eliminated in consolidation and the difference (gain or loss) between the discounted issue price and the premium on reacquisition would be included in retained earnings
    intercompany bond holdings
  120. ------------------------------- should be eleminated upon consolidation.  The only amounts that should appear in year end consolidated financial staements are the dividends paid to outsiders or external partiee.
    Intercompany dividends
  121. Intercompany dividends should be --------------------- upon consolidation.  The only amounts that should appear in year end consolidated financial staements are the dividends paid to outsiders or external partiee.
    eleminated
  122. Intercompany dividends should be eleminated upon --------------------------.  The only amounts that should appear in year end consolidated financial staements are the dividends paid to outsiders or external partiee.
    consolidation
  123. Intercompany dividends should be eleminated upon consolidation.  The only amounts that should appear in year end consolidated financial staements are the dividends paid to ----------------------------------.
    outsiders or external parties
  124. ------------------------------------ may be used for companies under common management or commonly controlled companies
    Combined statements
  125. Combined statements may be used for companies ------------------------------------or commonly controlled companies
    under common management
  126. combined financial statements do not eliminate equity accounts.  However all other intercompany transactions and balances are ----------------------- in combined financial statements just as they are in consolidated finacial statements.
    eliminated
  127. combined financial statements do not eliminate equity accounts.  However all other ---------------------------- and balances are eliminated in combined financial statements just as they are in consolidated finacial statements.
    intercompany transactions
  128. combined financial statements do not eliminate -----------------------------------.  However all other intercompany transactions and balances are eliminated in combined financial statements just as they are in consolidated finacial statements.
    equity accounts
  129. ------------------------------ are prepared in the same manner as consolidated financial statements except there is no parent company
    combined finacial statements
  130. Tempory losses on avaiable for sale securites should be credited to an -------------------------------- and debited direct to other comprehensive income
    asset valuation account
  131. Tempory losses on avaiable for sale securites should be credited to an asset valuation account and debited direct to ----------------------------------
    Other comprehensive income

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