Accounting Principles, Finance And Accounting

Question: What value should a contribution be accounted for at?
A
Historical value

B
Fair value

C
Market value

D
Value determined by auditors

Note: Not available
1. Report
Question: What is the qualitative accounting objective suggesting that information reported in a financial statement should correspond as precisely as possible to the economic effects underlying transactions and events?
A
Conceptual Framework

B
Quality of Financial Position

C
Accurate Presentation

D
Least and Latest Rule

Note: Not available
1. Report
Question: What is the accounting objective which best relates to the expensing of R&D costs?
A
Income Smoothing

B
Accurate Reporting

C
Conservatism

D
Profit Maximization

Note: Not available
1. Report
Question: What is Form 10-K?
A
Monthly filing with the SEC reporting salaries to the directors

B
As needed filing to disclose any significant issues or changes

C
Quarterly financial reports filed with the SEC

D
Annual financial reports filed with the SEC

Note: Not available
1. Report
Question: Which FASB sets the requirements for accounting for Non-Profit organizations?
A
FASB SFAS 999

B
FASB SFAS 100

C
FASB SFAS 99

D
FASB SFAS 117

Note: Not available
1. Report
Question: What two filings are required when a company wishes to list its stock?
A
Forms 10K and 10Q

B
Forms S-X and S-K

C
Forms 8K and 10Q

D
Forms S-X and X-S

Note: Not available
1. Report
Question: In which year was the Sarbanes Oxley Act passed?
A
2008

B
1945

C
2002

D
1845

Note: Not available
1. Report
Question: What is the accounting objective which best relates to the capitalization of prepaid advertising costs?
A
Profit Maximization

B
Accurate Presentation

C
Tax minimization

D
None of the above

Note: Not available
1. Report
Question: Which doctrine lays down that a firm should account for a given set of operations so as to make reported net income as large as possible?
A
Least and latest rule

B
Profit maximization

C
Income smoothing

D
None of the above

Note: Not available
1. Report
Question: For which of the following would the use of the straight-line method of amortization be acceptable?
A
Building

B
Patent

C
Goodwill

D
All of the above

Note: Not available
1. Report

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Question: What value should a contribution be accounted for at?

Question: What is the qualitative accounting objective suggesting that information reported in a financial statement should correspond as precisely as possible to the economic effects underlying transactions and events?

Question: What is the accounting objective which best relates to the expensing of R&D costs?

Question: What is Form 10-K?

Question: Which FASB sets the requirements for accounting for Non-Profit organizations?

Question: What two filings are required when a company wishes to list its stock?

Question: In which year was the Sarbanes Oxley Act passed?

Question: What is the accounting objective which best relates to the capitalization of prepaid advertising costs?

Question: Which doctrine lays down that a firm should account for a given set of operations so as to make reported net income as large as possible?

Question: For which of the following would the use of the straight-line method of amortization be acceptable?