Fin Statements

Question 1

Ifrs financial statements

Answer 1

Must have income finance costs share of profits and losses from the equity method, tax expense, discounted operations, profit or loss, non controlling interest profit and loss, and net profit loss

Question 2

What must use the fair value measurement

Answer 2

Asset impairments, business combinations, goodwill

Question 3

Assumption for fair value measurements

Answer 3

Is in its highest a nd best use

Question 4

Accumulated oci should be reported where on the balance sheet

Answer 4

As a separate item under stockholders equity

Question 5

Companies with 10 mill and 599 shareholders are large accelerated filers

Answer 5

40 days for accelerated and 45 for everyone else

Question 6

10ks are due

Answer 6

60 days for large accelerated filers 700 mill

75 days for accelerated filers 70 mil

90 days for all others.

Question 7

Ifrs does not permit extraordinary losses

Answer 7

See front