TEST BANK
Intermediate Accounting, 18th
Edition
by Kieso, Warfield Chapter 1 - 23 Complete
,Table of Contents du du
1 The Environment and Conceptual Framework of Financial Reporting
du du du du du du du du
2 The Accounting Information System
du du du du
3 Income Statement, Related Information, and Revenue Recognition
du du du du du du du
4 Balance Sheet and Statement of Cash Flows
du du du du du du du
5 Accounting and the Time Value of Money
du du du du du du du
6 Cash and Receivables
du du du
7 Valuation of Inventories: A Cost-Basis Approach
du du du du du du
8 Inventories: Additional Valuation Issues
du du du du
9 Acquisition and Disposition of Property, Plant, and Equipment
du du du du du du du du
10 Depreciation, Impairments, and Depletion
du du du du
11 Intangible Assets
du du
12 Current Liabilities and Contingencies
du du du du
13 Long-Term Liabilities
du du
14 Stockholders’ Equity
du du
15 Dilutive Securities and Earnings per Share
du du du du du du
16 Investments
du
17 Revenue Recognition
du du
18 Accounting for Income Taxes
du du du du
19 Accounting for Pensions and Postretirement Benefits
du du du du du du
20 Accounting for Leases
du du du
21 Accounting Changes and Error Analysis
du du du du du
22 Statement of Cash Flows
du du du du
23 Full Disclosure in Financial Reporting
du du du du du du
, CHAPTER 1 du
THE ENVIRONMENT AND CONCEPTUAL FRAMEWORK OF FINANCI
du du du du du du
AL REPORTING du
IFRS questions are available at the end of this chapter.
du du du du du du du du du
TRUE-FALSE—Conceptual
1. Financial statements are the principal means through which a company communicates its financial
du du du du du du du du du du du du du
information to those outside it. du du du du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
2. Users of financial reports of a company use the information provided by these reports to m
d u d u d u d u d u d u d u d u d u d u d u d u d u d u du
ake capital allocation decisions.
du du du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
3. An effective process of capital allocation provides an efficient market for buying and selling securitie
du du du du du du du du du du du du du du
s and obtaining and granting credit.
du du du du du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
4. Investors are interested in financial reporting because it provides information that is useful for maki
du du du du du du du du du du du du du du
ng decisions.
du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
5. Users of financial accounting statements have both coinciding and conflicting needs for in
d u d u d u d u d u d u d u d u d u d u d u du
formation of various types. du du du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
6. Although the FASB has developed a conceptual framework, no Statements of Financial Accounting
du du du du du du du du du du du du du
Concepts have been issued to date. du du du du du
Ans:duF,duLO:du1,duBloom:duK,duDifficulty:duModerate,duMin:du1,duAACSB:duKnowledge,duAICPAduBC:duNone,duAICPAduAC:duReporting,duAICPAduPC:duNone,duIMA:duReportingdu&d u Control:d
uFinancialduStatementduAnalysis,duIFRS:duNone
7. The passage of a new FASB Accounting Standards Update requires the support of five of the seven
du du du du du du du du du du du du du du d u du du
board members. du
Ans:d u F,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
8. Statements of Financial Accounting Concepts set forth fundamental objectives and concepts that a
du du du du du du du du du d u du du
re used by the FASB in developing future standards of financial accounting and reporting.
du du du du du du du du du du du du du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduAnalysis,duIFRS:duNone
9. The FASB’s Codification creates a new set of GAAP.
du du du du du du du du
Ans:d u F,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduAnalysis,duIFRS:duNone
, 1-2
du du Test Bank for Intermediate Accounting, Eighteenth Edition
du du du du du du
10. The objective of financial reporting is to report the plans made by a company to improve the produc
du du du du du du du du du du du du du du du du du
tivity of its employees.
du du du
Ans:d u F,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduPreparation,duIFRS:duNone
11. A soundly developed conceptual framework enables the FASB to issue more useful and con
d u d u d u d u d u d u d u d u d u d u d u d u du
sistent pronouncements over time.
du du du
Ans:d u T,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
12. A conceptual framework is a coherent system of concepts that flow from an objective.
du du du du du du du du du du du du du
Ans:d u T,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
13. The first level of the conceptual framework identifies the recognition, measurement, and di
d u d u d u d u d u d u d u d u d u d u d u du
sclosure concepts used in establishing accounting standards.
du du du du du du
Ans:d u F,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
14. The objective of financial reporting serves as the foundation of the conceptual framework.
du du du du du du du du du du du du
Ans:d u T,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
15. Users of financial statements are assumed to need no knowledge of business and financial account
du du du du du du du du du du du du du du
ing matters to understand the information contained in financial statements.
du du du du du du du du du
Ans:d u F,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
16. Relevance and faithful representation are the two fundamental
d u d u d u d u d u d u d u d u qualities d u that d u make
accounting information useful for decision-making.
du du du du du
Ans:d u T,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
17. The idea of consistency does not mean that companies cannot switch from one accounting method
du du du du du du du du du du du du du du d
to another.
u du
Ans:duT,duLO:du2,duBloom:duC,duDifficulty:duModerate,duMin:du1,duAACSB:duKnowledge,duAICPAduBC:duNone,duAICPAduAC:duReporting,duAICPAduPC:duNone,duIMA:duReportingdu&d u Control:duFi
nancialduStatementduAnalysis,duIFRS:duNone
18. Timeliness and neutrality are two ingredients of relevance.
du du du du du du du
Ans:d u F,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
19. Verifiability and predictive value are two ingredients of faithful representation.
du du du du du du du du du
Ans:d u F,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
20. Revenues, gains, and distributions to owners all increase equity.
du du du du du du du du
Ans:d u F,d u LO:d u 2,d u Bloom:d u C,d u Difficulty:d u Moderate,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Measurementd u Analysisd u andd u Interpretation,d u AI
CPAduPC:duNone,duIMA:duReportingdu&duControl:duFinancialduStatementduAnalysis,duIFRS:duNone
21. Comprehensive income includes all changes in equity during a period except thos
d u d u d u d u d u d u d u d u d u d u d u
e resulting from investments by owners and distributions to owners.
du du du du du du du du du
Ans:duT,duLO:du2,duBloom:duK,duDifficulty:duEasy,duMin:du1,duAACSB:duKnowledge,duAICPAduBC:duNone,duAICPAduAC:duMeasurementduAnalysisduandduInterpretation,duAICPAd u PC:duNon
e,duIMA:duReportingdu&duControl:duFinancialduStatementduAnalysis,duIFRS:duNone
Intermediate Accounting, 18th
Edition
by Kieso, Warfield Chapter 1 - 23 Complete
,Table of Contents du du
1 The Environment and Conceptual Framework of Financial Reporting
du du du du du du du du
2 The Accounting Information System
du du du du
3 Income Statement, Related Information, and Revenue Recognition
du du du du du du du
4 Balance Sheet and Statement of Cash Flows
du du du du du du du
5 Accounting and the Time Value of Money
du du du du du du du
6 Cash and Receivables
du du du
7 Valuation of Inventories: A Cost-Basis Approach
du du du du du du
8 Inventories: Additional Valuation Issues
du du du du
9 Acquisition and Disposition of Property, Plant, and Equipment
du du du du du du du du
10 Depreciation, Impairments, and Depletion
du du du du
11 Intangible Assets
du du
12 Current Liabilities and Contingencies
du du du du
13 Long-Term Liabilities
du du
14 Stockholders’ Equity
du du
15 Dilutive Securities and Earnings per Share
du du du du du du
16 Investments
du
17 Revenue Recognition
du du
18 Accounting for Income Taxes
du du du du
19 Accounting for Pensions and Postretirement Benefits
du du du du du du
20 Accounting for Leases
du du du
21 Accounting Changes and Error Analysis
du du du du du
22 Statement of Cash Flows
du du du du
23 Full Disclosure in Financial Reporting
du du du du du du
, CHAPTER 1 du
THE ENVIRONMENT AND CONCEPTUAL FRAMEWORK OF FINANCI
du du du du du du
AL REPORTING du
IFRS questions are available at the end of this chapter.
du du du du du du du du du
TRUE-FALSE—Conceptual
1. Financial statements are the principal means through which a company communicates its financial
du du du du du du du du du du du du du
information to those outside it. du du du du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
2. Users of financial reports of a company use the information provided by these reports to m
d u d u d u d u d u d u d u d u d u d u d u d u d u d u du
ake capital allocation decisions.
du du du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
3. An effective process of capital allocation provides an efficient market for buying and selling securitie
du du du du du du du du du du du du du du
s and obtaining and granting credit.
du du du du du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
4. Investors are interested in financial reporting because it provides information that is useful for maki
du du du du du du du du du du du du du du
ng decisions.
du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
5. Users of financial accounting statements have both coinciding and conflicting needs for in
d u d u d u d u d u d u d u d u d u d u d u du
formation of various types. du du du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
6. Although the FASB has developed a conceptual framework, no Statements of Financial Accounting
du du du du du du du du du du du du du
Concepts have been issued to date. du du du du du
Ans:duF,duLO:du1,duBloom:duK,duDifficulty:duModerate,duMin:du1,duAACSB:duKnowledge,duAICPAduBC:duNone,duAICPAduAC:duReporting,duAICPAduPC:duNone,duIMA:duReportingdu&d u Control:d
uFinancialduStatementduAnalysis,duIFRS:duNone
7. The passage of a new FASB Accounting Standards Update requires the support of five of the seven
du du du du du du du du du du du du du du d u du du
board members. du
Ans:d u F,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduPreparation,duIFRS:duNone
8. Statements of Financial Accounting Concepts set forth fundamental objectives and concepts that a
du du du du du du du du du d u du du
re used by the FASB in developing future standards of financial accounting and reporting.
du du du du du du du du du du du du du
Ans:d u T,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduAnalysis,duIFRS:duNone
9. The FASB’s Codification creates a new set of GAAP.
du du du du du du du du
Ans:d u F,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u
Control:duFinancialduStatementduAnalysis,duIFRS:duNone
, 1-2
du du Test Bank for Intermediate Accounting, Eighteenth Edition
du du du du du du
10. The objective of financial reporting is to report the plans made by a company to improve the produc
du du du du du du du du du du du du du du du du du
tivity of its employees.
du du du
Ans:d u F,d u LO:d u 1,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduPreparation,duIFRS:duNone
11. A soundly developed conceptual framework enables the FASB to issue more useful and con
d u d u d u d u d u d u d u d u d u d u d u d u du
sistent pronouncements over time.
du du du
Ans:d u T,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
12. A conceptual framework is a coherent system of concepts that flow from an objective.
du du du du du du du du du du du du du
Ans:d u T,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
13. The first level of the conceptual framework identifies the recognition, measurement, and di
d u d u d u d u d u d u d u d u d u d u d u du
sclosure concepts used in establishing accounting standards.
du du du du du du
Ans:d u F,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
14. The objective of financial reporting serves as the foundation of the conceptual framework.
du du du du du du du du du du du du
Ans:d u T,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
15. Users of financial statements are assumed to need no knowledge of business and financial account
du du du du du du du du du du du du du du
ing matters to understand the information contained in financial statements.
du du du du du du du du du
Ans:d u F,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
16. Relevance and faithful representation are the two fundamental
d u d u d u d u d u d u d u d u qualities d u that d u make
accounting information useful for decision-making.
du du du du du
Ans:d u T,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
17. The idea of consistency does not mean that companies cannot switch from one accounting method
du du du du du du du du du du du du du du d
to another.
u du
Ans:duT,duLO:du2,duBloom:duC,duDifficulty:duModerate,duMin:du1,duAACSB:duKnowledge,duAICPAduBC:duNone,duAICPAduAC:duReporting,duAICPAduPC:duNone,duIMA:duReportingdu&d u Control:duFi
nancialduStatementduAnalysis,duIFRS:duNone
18. Timeliness and neutrality are two ingredients of relevance.
du du du du du du du
Ans:d u F,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
19. Verifiability and predictive value are two ingredients of faithful representation.
du du du du du du du du du
Ans:d u F,d u LO:d u 2,d u Bloom:d u K,d u Difficulty:d u Easy,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Reporting,d u AICPAd u PC:d u None,d u IMA:d u Reportingd u &d u Co
ntrol:duFinancialduStatementduAnalysis,duIFRS:duNone
20. Revenues, gains, and distributions to owners all increase equity.
du du du du du du du du
Ans:d u F,d u LO:d u 2,d u Bloom:d u C,d u Difficulty:d u Moderate,d u Min:d u 1,d u AACSB:d u Knowledge,d u AICPAd u BC:d u None,d u AICPAd u AC:d u Measurementd u Analysisd u andd u Interpretation,d u AI
CPAduPC:duNone,duIMA:duReportingdu&duControl:duFinancialduStatementduAnalysis,duIFRS:duNone
21. Comprehensive income includes all changes in equity during a period except thos
d u d u d u d u d u d u d u d u d u d u d u
e resulting from investments by owners and distributions to owners.
du du du du du du du du du
Ans:duT,duLO:du2,duBloom:duK,duDifficulty:duEasy,duMin:du1,duAACSB:duKnowledge,duAICPAduBC:duNone,duAICPAduAC:duMeasurementduAnalysisduandduInterpretation,duAICPAd u PC:duNon
e,duIMA:duReportingdu&duControl:duFinancialduStatementduAnalysis,duIFRS:duNone
