This class was created by Brainscape user Ashley Hughes. Visit their profile to learn more about the creator.
By:
Ashley Hughes
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Decks in this class (31)
1A - Conceptual Framework and Standard-Setting for Business and Nonbusiness Entities
On january 16 tree co paid 60 000...,
Which of the following is not an ...,
Asb asc 280 10 50 22 specifically...
127
cards
1B - General-Purpose Financial Statements: For-Profit Business Entities
Redwood co s financial statements...,
Abbott co is preparing its statem...,
The statement of cash flows scf i...
304
cards
1C - General-Purpose Financial Statements: Not-For-Profit Business Entities
Box a nongovernmental not for pro...,
Which of the following assets of ...,
Alpha hospital a large not for pr...
169
cards
1D - Public Company Reporting Topics (U.S. SEC Reporting Requirements, Earnings per Share, and Segment Reporting)
Which of the following forms must...,
Sec form 10 __ is the quarterly r...,
A firm has basic earnings per sha...
92
cards
1E - Financial Statements of Employee Benefit Plans && 1F - Special Purpose Frameworks
The statement of net assets avail...,
The statement of net assets avail...,
The statement of changes in net a...
57
cards
2A - Cash and Cash Equivalents
The following information pertain...,
On november 1 20x1 key co paid 3 ...,
Alton co had a cash balance of 32...
19
cards
2B - Trade Receivables
Delta inc sells to wholesalers on...,
Gar co factored its receivables w...,
Bee co uses the direct write off ...
43
cards
2C - Inventory
Delar co completed its year end p...,
Mast co converted from the fifo m...,
The following information was obt...
80
cards
2D - Property, Plant, and Equipment
Double declining balance method t...,
On july 1 20x1 casa development c...,
When a long lived asset is deemed...
118
cards
Section 2E - Investments
At what amount should trading ava...,
Held to maturity securities are a...,
Sun corp had investments in equit...
62
cards
Section 2F - Intangible
On january 1 year 1 alpha co sign...,
Guidance for recognizing expenses...,
Expenses are accrued expensed bas...
41
cards
Section 2G - Payables/Accrued Exp
The following costs were incurred...,
On october 31 year 1 a company wi...,
Rabb co records its purchases at ...
127
cards
Section 2H - LTD
Debenture bonds are not backed by...,
A trd happens when the debtor is ...,
A troubled debt restructuring is ...
99
cards
Section 2I - Equity
Cobb co purchased 10 000 shares 2...,
A stock dividend does not represe...,
Stock dividend vs stock splita st...
81
cards
Section 2J - Rev Rec
Andrew signed up and paid 1 200 f...,
Revenue for long term contracts i...,
Which of the following statements...
116
cards
Section 2K - Compensation & Benefit
Nome co sponsors a defined benefi...,
An entity must recognize on its b...,
Net periodic pension cost the fas...
74
cards
Section 2L - Income Taxes
Mobe co reported the following op...,
Corporations calculate income tax...,
The tax cuts and jobs act of 2017...
75
cards
Section 3A - Acct Changes & Error Correction
In year 6 stuckey corporation det...,
Changes in accounting estimates a...,
During 20x1 krey co increased the...
60
cards
3B - Business Combinations
Sayon co issues 200 000 shares of...,
Charles corporation acquires all ...,
If company c is established for t...
18
cards
Section 3C - Contingencies and Commits
During year 2 a former employee o...,
A loss contingency must be accrue...,
Potter co has the following conti...
47
cards
Section 3D - Derivatives & Hedge Accounting
Which of the following is a crite...,
Derivative instrument a financial...,
Neron co has two derivatives rela...
32
cards
Section 3E Foreign Currency Transactions
On september 1 20x1 cano co a us ...,
For other than forward contracts ...,
___ and ___arising from foreign c...
50
cards
Section 3G,H,I,J
G - Reciprocal
H -R&D Cost
I - Software Cost
J - Subsequent Event
94
cards
Section 3K FV Measurement
During year 1 wistrand corporatio...,
An entity may choose to elect the...,
The following are financial asset...
44
cards
Section 3L - Difference between IFRS & GAAP
A a corporation has a loading doc...,
Long lived assets differences und...,
Lessees are permitted to apply th...
68
cards
Section 3F - Leases
On december 30 20x1 rafferty corp...,
The lessee is required to recogni...,
Initial measurement of the right ...
144
cards
3G - Nonreciprocal Transfers
In year 6 stuckey corporation det...,
Koby co entered into a finance le...,
Malay corporation is a 100 owned ...
80
cards
3K - Fair Value Measurements
When valuing certain financial in...,
37
cards
4A - State and Local Government Concepts
The debt service fund of a govern...,
Which of the following transactio...,
The modified accrual basis of acc...
93
cards
4C - Deriving Government-wide Financial Statements and Reconciliation Requirements
Tree city reported a 1 500 net in...,
Which of the following items is r...,
In preparing chase city s reconci...
10
cards
4B - Format and Content of the Financial Section of the Annual Comprehensive Financial Report (ACFR)
Which of the following is one of ...,
Which of the following are includ...,
Which of the following accounts w...
21
cards
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FAR 2022
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