Chapter 3

Question 1

Annual report of employee stock purchase, savings, and similar plans.

Answer 1

11-K

Question 2

The amount of cash or cash equivalents paid to purchase an asset, including any costs of acquisition or preparation

Answer 2

Historical cost

Question 3

Historical cost adjusted for amortization, depreciation, or depletion or impairment

Answer 3

Amortised cost

Question 4

The amount of cash or cash equivalents that would have to be paid to buy the same or an equivalent asset today

Answer 4

Current cost

Question 5

The amount of cash or cash equivalents that could currently be obtained by selling the asset in an orderly disposal

Answer 5

Realizable value

Question 6

The present discounted value of the future net cash inflows that the asset is expected to generate in the normal course of business

Answer 6

Present value

Question 7

Amount at which an asset could be exchanged or liability settled between knowledgeable willing parties in an arms length transaction

Answer 7

Fair value

Question 8

Increasing economic benefits in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity

Answer 8

Income