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ZZZ - FAR #3 > Day 58 - 70% FAIL > Flashcards

Day 58 - 70% FAIL Flashcards

1
Q

For a NFP, how is restricted cash reported?

A

Non-Current Asset

MCQ-16134

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2
Q

True or false, stock dividends should be recorded at Fair value by the investor under the cost and equity method?

A

False

MCQ-01562

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3
Q

What is the minimum operating cycle to classify a prepaid expense as a current asset?

A

12 months

MCQ-00359

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4
Q

When a loan receivable is impaired but foreclosure is not probable, what can the creditor use to measure impairment?

A
  1. The loans observable market price
  2. The fair value of the collateral of the loan is collateral dependent

MCQ-00526

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5
Q

What is a liquidating stock dividend?

A

Any dividend in excess of RE

MCQ-01031

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ZZZ - FAR #3 (70 decks)

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