far 2 b 122120

  1. Unusual material gain on assets donated to a business entity.
    Separate component of income from continuing operations
  2. Increase in the fair value of available-for-sale securities.
    Component of other comprehensive income.
  3. A material event or transaction that is unusual in nature, infrequent in occurrence, or both must be reported as --------------------------------------------------------------------------.
    A material event or transaction that is unusual in nature, infrequent in occurrence, or both must be reported as a separate component of income from continuing operations.
  4. In the balance sheet, available-for-sale (AFS) securities are measured at -------------------.
    In the balance sheet, available-for-sale (AFS) securities are measured at fair value.
  5. Unrealized holding gains resulting from the remeasurement to fair value of AFS securities are reported in ----------------------------------------.
    Unrealized holding gains resulting from the remeasurement to fair value of AFS securities are reported in other comprehensive income.
  6. Gains and losses on foreign currency devaluations are ---------------------------------.
    Gains and losses on foreign currency devaluations are translation adjustments.
  7. The loss from operations of a --------------------------of the entity, including the gain or loss on disposal, is reported after income from continuing operations in the ---------------------------------- of the income statement, net of tax.
    The loss from operations of a discontinued component of the entity, including the gain or loss on disposal, is reported after income from continuing operations in the discontinued operations component of the income statement, net of tax.
  8. Loss on disposal of a discontinued component of an entity.
    Separately reported component of income, net of tax.
  9. Unearned revenues are ------------------------ arising from collections in advance of delivering goods or performing services.
    Unearned revenues are current liabilities arising from collections in advance of delivering goods or performing services.
  10. ---------------------------- are current liabilities arising from collections in advance of delivering goods or performing services.
    Unearned revenues are current liabilities arising from collections in advance of delivering goods or performing services.
  11. Leasehold improvements are classified as:
    Property, plant, and equipment.
  12. Loans to officers not expected to be collectible within 1 year are classified as:
    Other noncurrent assets.
  13. Bonds payable issue costs are classified as:
    Not classified as an asset.
  14. Trading securities are classified as:
    Current assets.
  15. Goodwill are classified as:
    Intangible assets.
  16. Cash equivalents are classified as:
    Current assets.
  17. Cash restricted to payment of pension obligations are classified as:
    Investments and funds.
  18. Current assets include 

    (a) --------------------
    (b) ------------------
    (c) ----------------------
    (d) certain individual trading, available-for-sale, and held-to-maturity securities; and 
    (e) prepaid expenses.
    Current assets include 

    • (a) cash and cash equivalents; 
    • (b) receivables; 
    • (c) inventories; 
    • (d) certain individual trading, available-for-sale, and held-to-maturity securities; and 
    • (e) prepaid expenses.
  19. Current assets include 

    (a) cash and cash equivalents; 
    (b) receivables; 
    (c) inventories; 
    (d) ------------------------------------------- and 
    (e) -----------------------------------------------
    Current assets include 

    • (a) cash and cash equivalents; 
    • (b) receivables; 
    • (c) inventories; 
    • (d) certain individual trading, available-for-sale, and held-to-maturity securities; and 
    • (e) prepaid expenses.
Author
Joens1313
ID
353999
Card Set
far 2 b 122120
Description
far 2 b 122120
Updated