Which of the following is allowed to be reported on fair value basis under SFAS 159?...
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Which of the following is allowed to be reported on fair value basis under SFAS 159? O a. Loase assots and obligations Ob. lnvestment in subsidiaries that need to be consolidated O. Derivatives O d. Postrotirement benefit assots and obligations QUESTION 19 Which of the following is not a source for potential distortions caused by the accounting for investment securities? O a. Clasification of investment securities based on management intent O b.iInconsistent definition of equity securities OC Goodwill recognized at market value Od. Opportunities for gains trading with available-for-sale and held to maturity securities QUESTION 20 The goal of the acquisition method in accounting for business combination can be achieved through (1) all assets and liabilities of the acquired company are recognized at their assets of the acquired company is recognized as on the date of the acquisition, and (2) the difference between the acquisition price and the fair value of the net O a. cost, goodwill Ob.cost, retained eamings Oc fair value, goodwill Which of the following is allowed to be reported on fair value basis under SFAS 159? O a. Loase assots and obligations Ob. lnvestment in subsidiaries that need to be consolidated O. Derivatives O d. Postrotirement benefit assots and obligations QUESTION 19 Which of the following is not a source for potential distortions caused by the accounting for investment securities? O a. Clasification of investment securities based on management intent O b.iInconsistent definition of equity securities OC Goodwill recognized at market value Od. Opportunities for gains trading with available-for-sale and held to maturity securities QUESTION 20 The goal of the acquisition method in accounting for business combination can be achieved through (1) all assets and liabilities of the acquired company are recognized at their assets of the acquired company is recognized as on the date of the acquisition, and (2) the difference between the acquisition price and the fair value of the net O a. cost, goodwill Ob.cost, retained eamings Oc fair value, goodwill
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ANSWER 1 A Lease assets and obligations Lease is considered an asset leased asset and liability lease payments Payments are shown on the balance sheet ... View the full answer
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date:
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