Chapter 15 Samenvattingen, Aantekeningen en Examens

CHAPTER 12 INTANGIBLE ASSETS IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer No. Description F 1. Characteristics of intangible assets. F 2. Internally created intangibles. F 3. Recording internally generated intangibles. F 4. Amortization of limited-life intangible assets. T 5. Amortization of intangible assets. T 6. Amortizing limited-life intangibles. T 7. Accounting for a customer list. F 8. Amortization of patents. T 9. Modification of an ...

CHAPTER 13 CURRENT LIABILITIES AND CONTINGENCIES IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer No. Description F 1. Zero-interest-bearing note payable. F 2. Dividends in arrears. T 3. Examples of unearned revenues. T 4. Reporting discount on Notes Payable. F 5. Currently maturing long-term debt. F 6. Excluding short-term debt refinanced. T 7. Accounting for sales tax collected. F 8. Accounting for sick pay. T 9. Social security taxes as liabi...

• • Question 1 3 out of 3 points He stressed the absurdity of human existence and the inability of our reason to understand the world. A passionate individualist, he proclaimed the will to power as the only value in a meaningless world. Lived from 1844-1900. Nietzsche • Question 2 3 out of 3 points The English philosopher who argued that evolution occurred not only in nature, but in human institutions as well. Spencer • Question 3 3 out of 3 points He believ...

Chapter 23--Performance Evaluation Using Variances from Standard Costs Student: ___________________________________________________________________________ 1. A variable cost system is an accounting system where standards are set for each manufacturing cost element. True False 2. One reason not to depend solely on historical records to set standards is that there may be inefficiencies contained in past costs. True False 3. Standard costs serve as a device for measuring efficiency. T...

CHAPTER 7 CASH AND RECEIVABLES IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer No. Description T 1. Items considered cash. F 2. Items considered cash. F 3. Items considered cash. F 4. Cash equivalents definition. F 5. Bank overdrafts. T 6. Cash equivalents. F 7. Classification of receivables. F 8. Items considered trade receivables. T 9. Trade discount uses. T 10. Sales discounts. T 11. Valuation of receivables. F 12. Percentage-of-receivab...

CHAPTER 23 STATEMENT OF CASH FLOWS IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer No. Description F 1. Primary purpose of the statement of cash flows. T 2. Information provided by statement of cash flows. T 3. Classification of operating activities. F 4. First step in cash flow statement preparation. T 5. Reconciling beginning and ending cash balances. F 6. Net income and net cash flow from operating activities. T 7. Converting net income to net...

Test Bank Chapter 8 Valuation of Inventories A Cost-Basis Approach. CHAPTER 8 VALUATION OF INVENTORIES: A COST-BASIS APPROACH IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual                 Description                 T              1.            Work-in-process inventory.                 F              2.            Merchandising and manufacturing inventory...

CHAPTER 20 ACCOUNTING FOR PENSIONS AND POSTRETIREMENT BENEFITS IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Description F 1. Funded pension plan. T 2. Qualified pension plans. F 3. Defined-contribution plan liability. T 4. Defined-benefit plans. T 5. Vested benefit obligation. F 6. Accumulated benefit obligation. F 7. Definition of service cost. T 8. Definition of interest cost. F 9. Recognizing accumulated benefit obligation. T 10. Pension A...

CHAPTER 19 ACCOUNTING FOR INCOME TAXES IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer No. Description F 1. Taxable income. F 2. Use of pretax financial income. T 3. Taxable amounts. T 4. Deferred tax liability. F 5. Deductible amounts. T 6. Deferred tax asset. F 7. Need for valuation allowance account. T 8. Positive and negative evidence. F 9. Computation of income tax expense. T 10. Taxable temporary differences. F 11. Taxable temporar...

CHAPTER 10 ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND EQUIPMENT IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer No. Description F 1. Nature of property, plant, and equipment. T 2. Nature of property, plant, and equipment. F 3. Cost of removing old building. T 4. Insurance on equipment purchased. F 5. Accounting for special assessments. T 6. Overhead costs in self-constructed assets. F 7. Overhead costs in self-constructed assets. F 8. I...