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Decks in this class (25)
IA1 - Investment Property (CHAP )
Which statement best describes in...,
Which of the following statements...,
Investment property includes all ...
20
cards
IA1 - PPE (CHAP )
Which of the following is not a c...,
What valuation model should an en...,
The cost of property plant and eq...
15
cards
IA1 - Gov't Grant (CHAP 24)
It is an assistance by government...,
It is an action by a government d...,
Government grant shall be recogni...
10
cards
IA 1 - Borrowing Cost (CHAP 25)
Borrowing costs can be capitalize...,
If the qualifying asset is fnance...,
Which of the fllowing assets coul...
18
cards
IA 1 - Depreciation (CHAP 28)
Depreciation is best described as...,
All of the following factors are ...,
Technical or commercial obsolesce...
15
cards
IA 1 - Revaluation (CHAP 31)
What is the basis of revaluation ...,
When accounting for property plan...,
Under the revaluation model a ass...
5
cards
IA 1 - Impairment (CHAP 32)
Which statement best describes im...,
What is the recoverable amount of...,
What is fair value of an asset a ...
10
cards
IA 1 - Depletion (CHAP 30)
The most common method of computi...,
Depletion expense a is usually pa...,
Information needed to compute a d...
10
cards
IA 1 - Intangible (CHAP 33)
Which condition must be met for a...,
An intangible asset is identifiab...,
The recognition criteria for an i...
20
cards
IA 1 - Intangible (CHAP 34)
Patent is an example of which cat...,
A patent should be amortized over...,
When a patent is amortized the cr...
15
cards
IA 1 - R&D (CHAP 35)
How should research and developme...,
Which would be considered researc...,
Which of the following costs shou...
10
cards
IA2 - Liabilities (CHAP 1)
The most common type of liability...,
Which is not a characteristic of ...,
Classifying liabilities as either...
30
cards
IA2 - Premium (CHAP 2)
The cost of customer premium offe...,
The accounting concept that requi...,
Accounting for cost of incentive ...
10
cards
IA2 - Warranty (CHAP 3)
The accrual approach in accountin...,
Which of the following best descr...,
Which of the following best descr...
5
cards
IA2 - Provision and Contingnt Liab (CHAP 4)
Which is the correct definition o...,
A provision shall be recognized a...,
A legal obligation is an obligati...
29
cards
IA 2 - Bonds Payable (CHAP 5)
Most corporate bonds are a mortga...,
The method used to pay interest d...,
Zero coupon bonds a offer a retur...
30
cards
IA2 - Effective Interest (CHAP 6)
What is the interest rate written...,
What is the rate of interest actu...,
When the effective interest metho...
25
cards
IA2 - Compound Financial (CHAP 7)
What is the principal accounting ...,
How are the proceeds from issuing...,
The proceeds from an issue of bon...
15
cards
IA 2 - Note Payable (CHAP 8)
When an entity issued a note sole...,
If the present value of a note is...,
An entity borrowed cash from a ba...
10
cards
IA 2 - Debt Restructuring (CHAP 9)
In a debt restructuring considere...,
For a debt restructuring involvin...,
For a debt restructuring involvin...
10
cards
IA 2 - Operating Lease (CHAP 12)
Rent received in advance by the l...,
When should a lessor recognize in...,
Lease payments under an operating...
15
cards
IA2 - Lessee Acctg (CHAP 10)
Under ifrs a lessee is required t...,
The lessee may apply the operatin...,
A short term lease is defined as ...
24
cards
IA2 - Direct Financing (CHAP 13)
Gross investment in the lease is ...,
Net investment in a direct financ...,
Which is the correct accounting t...
10
cards
IA2 - Sales Type Lease (CHAP 14)
Net investment in a sales type le...,
Which statement characterizes a s...,
The gross income on a finance lea...
5
cards
IA2 - Income tax (CHAP 16)
It is the deferred tax consequenc...,
It is the deferred tax consequenc...,
It is the amount of income tax pa...
20
cards
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ACC211 - INTACC 2
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