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Mary R
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Decks in this class (19)
FAR FLASHCARDS
Financial reporting,
Financial reporting,
Financial reporting
95
cards
Notes and Bonds Payable(Issuance)
On november 30 year one a company...,
The loan comes due within the cur...
2
cards
A/R Uncollectible Accounts
A company estimates its bad debt ...,
A company estimates its bad debt ...
2
cards
Balance Sheet Reporting
Company a and company b have both...
1
cards
FAR FLASHCARD 2
Under gaap a development stage en...,
A development stage enterpise mus...
2
cards
FAR flash card 2
Under gaap a development stage en...,
A development stage enterpise mus...,
In development stage enterprise s...
72
cards
Segment Reporting
What is the objective of segment ...,
Segment reporting help users of t...,
Quantitative thresholds a segment...
5
cards
CONCEPTUAL FRAMEWORK,STANDARDS,STANDARD SETTING
What is the purpose of informatio...,
The government accounting standar...,
How is the form 10 q filed with t...
40
cards
FINANCIAL STATEMENT ACCOUNTS:RECOGNITION,MEASUREEMNT,VALUATION
Pie co uses the installment sales...,
Long term debt often has covenant...,
An increase in the cash surrender...
16
cards
Land, Buildings, and Equipment > Assets Held for Sale
The andrews company owns a small ...,
This question has already been an...,
If book value is lower
11
cards
FAR_3_SECTION 1
Debt and equity that are brought ...,
Securities both debt and equity c...,
It is debt securities only the co...
16
cards
Business Combinations/Consolidation
Ignore important legal relationsh...,
Are an economic truth but a legal...,
Consolidate when
12
cards
CONSOLIDATED FINANCIAL STATEMENTS
Prepared when a parent subsidiary...,
An investor is considered to have...,
All majority owned subsidiaries d...
9
cards
Intercompany Transactions
A transaction that s b eliminate ...,
Do not eliminate intercompany acc...,
On the income statement the follo...
3
cards
PV and Annuities
All are concerned with the use of...,
A large number of business transa...,
What are two examples of annuities
9
cards
ACCOUNTING FOR ACQUISITION
Investment is valued at the fv of...,
What is the journal entry to reco...,
Acquisition method has two distin...
17
cards
ACCOUNTING FOR INSTALLMENT SALES
Used only when there is no reason...,
Revenue is recognized when cash i...,
Gross profit
10
cards
FINANCIAL REPORTING & CHANGING PRICES
What describes the proper account...,
When computing purchasing power g...,
During a period of inflation in w...
12
cards
FAR_SECTION 6
Gaap classifies contingencies as,
Under ifrs probable is defined as,
Under ifrs possible is defined as
35
cards
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FAR CPA EXAM
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