REview CPA 1 B

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Author:
Joens1313
ID:
227130
Filename:
REview CPA 1 B
Updated:
2013-07-15 02:11:04
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Review CPA
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Review CPA 1 B
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  1. ------------------- gains or losses on trading and available for sale equity securities are based on fair values.
    Unrealized
  2. Unrealized gains or losses on --------------- and available for sale equity securities are based on fair values.
    trading
  3. Unrealized gains or losses on trading and ---------------------- equity securities are based on fair values.
    available for sale
  4. Unrealized gains or losses on trading and available for sale equity securities are based on --------------------.
    fair values
  5. Under the equity method undervalued asset amortization will ----------------- the investors reported investment income.
    decrease
  6. Under the equity method ---------------------amortization will decrease the investors reported investment income.
    undervalued asset
  7. ------------- dividends affect the investment account but not the investment income account
    cash
  8. cash dividends affect the investment account but not the investment --------------------
    income account
  9. cash dividends affect the ------------------------ but not the investment income account
    investment account
  10. trade notes and -------------------- with customary trade terms not exceeding one year may be recorded at face amount.
    accounts receivable
  11. ------------------- and accounts receivable with customary trade terms not exceeding one year may be recorded at face amount.
    trade notes
  12. trade notes and accounts receivable with customary trade terms not exceeding one year may be recorded at --------------------.
    face amount
  13. salvage value is ------- included in the calculation using the double declining balance method
    not
  14. ------------------ is not included in the calculation using the double declining balance method
    salvage value
  15. salvage value is not included in the calculation using the ------------------------------ method
    double declining balance
  16. ---------------------- of long term debt in the balance sheet should include amounts due and payable within 12 months of the balance sheet date.
    current maturities
  17. current maturities of -------------------- in the balance sheet should include amounts due and payable within 12 months of the balance sheet date.
    long term debt
  18. current maturities of long term debt in the balance sheet should include amounts due and payable within 12 months of the -------------------------.
    balance sheet date
  19. current maturities of long term debt in the balance sheet should include amounts due and payable within ----------------- of the balance sheet date.
    12 months
  20. Under ------- bond issue costs reduce the cash received from the bond issuance and are deducted from the carrying value of the liability.
    IFRS
  21. Under IFRS bond issue costs reduce the cash received from the bond issuance and are -------------------- from the carrying value of the liability.
    deducted
  22. Under IFRS bond issue costs ------------- the cash received from the bond issuance and are deducted from the carrying value of the liability.
    reduce
  23. how should a gain from the sale of used equipment for cash be reported in a statement of cash flows using the indirect method?
    in operating activities as a deduction from income
  24. in a statement of cash flows using the indirect method gain from the sale of used equipment for cash should be reported in ----------------------------- as a deduction from income
    operating activities
  25. in a statement of cash flows using the indirect method gain from the sale of used equipment for cash should be reported in operating activities as a --------------------------
    deduction from income
  26. a ---------------------------------- can be used to restrict earning available for dividends
    retained earnings appropriation
  27. a retained earnings appropriation can be used to ---------------- earning available for dividends
    restrict

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