FAR Review 8-14

Purchase discounts not taken are not included in inventory under the -----------------------.

----------------------- not taken are not included in inventory under the net method.

According to the net method, ------------------------ should be included in the cost of inventory

According to IFRS, which accounting policy may an entity apply to measure investment property in periods subsequent to initial recognition?

Under the measurement alternative for an investment in equity securities, the investment is measured at

The costs of equipment acquired for R&D and having alternative future uses are not R&D costs. They are -------------- as tangible assets and -----------------------------.

The costs of equipment acquired for a particular project and having no alternative future uses and salaries of personnel engaged in R&D are R&D costs. They are ------------------------when incurred.

------------------------------ costs are those incurred in the formation of a business entity.

For financial accounting purposes, nongovernmental entities must----------------- all start-up and organization costs as incurred.

Available-for-sale debt securities are measured at fair value, with unrealized holding gains and losses recognized in ---------.