far 12317181920 a 122021

  1. The three standard sections of a state or local government’s CAFR are the -----------------------, the -------------------------, and the -------------------------------.
    The three standard sections of a state or local government’s CAFR are the introductory section, the financial section, and the statistical section.
  2. A company pays more than the fair value to acquire treasury stock. The difference between the price paid to acquire the treasury stock and the fair value should be recorded as
    Shareholders’ equity.
  3. Treasury stock is reported on the balance sheet as a --------------------------------------.
    Treasury stock is reported on the balance sheet as a subtraction from equity.
  4. A complete set of general-purpose external financial statements issued by a nongovernmental not-for-profit entity must include
    A statement of financial position as of the end of the reporting period, a statement of cash flows, and a statement of activities.
  5. A complete set of financial statements of an NFP must include (1) ------------------------------------, (2) --------------------------------------------, and (3) ------------------------------------------.
    A complete set of financial statements of an NFP must include (1) a statement of financial position as of the end of the reporting period, (2) a statement of activities and a statement of cash flows for the reporting period, and (3) accompanying notes.
Author
Joens1313
ID
354062
Card Set
far 12317181920 a 122021
Description
far 12317181920 a 122021
Updated