Finance And Accounting

Question: Which of the following must generally be used for financial reporting if it is used for income tax reporting?
A
FIFO

B
LIFO

C
NIFO

D
Installment sales method

Note: Not available
1. Report
Question: What is the reporting objective that calls for the anticipation of all losses incurred but defers the recognition of gains or profits until they are realized in arm's length transactions?
A
Conservatism

B
Materialism

C
Matching

D
Smoothing

Note: Not available
1. Report
Question: Which of the following is used by the FASB in the selection of acceptable accounting principles?
A
Conservatism

B
Matching

C
Materialism

D
Conceptual Framework

Note: Not available
1. Report
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

First Prev 2 3 4 5 6 Next Last

Question: Which of the following must generally be used for financial reporting if it is used for income tax reporting?

Question: What is the reporting objective that calls for the anticipation of all losses incurred but defers the recognition of gains or profits until they are realized in arm's length transactions?

Question: Which of the following is used by the FASB in the selection of acceptable accounting principles?

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?