Accrual Accounting- TBSFWB0152 Concepts Flashcards
1
Q
How is Long-term receivables valued?
A
Present value of future cash flows
2
Q
How is Available for sale securities valued?
A
Current market value
3
Q
How is Equipment valued?
A
Historical cost or historical proceeds
4
Q
How is Warranty obligations valued?
A
Net realizable value or settlement rate
5
Q
How is Short-term payables valued?
A
Historical cost or historical proceeds
6
Q
How is Accounts receivable valued?
A
Net realizable value or settlement rate
7
Q
How is Bonds payable, which is due in 10 years valued?
A
Present value of future cash flows
8
Q
How is Trading securities
A
Current market value
