Quiz – Accounting Principle – Retrospective (Not the modified retrospective)
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
A change in accounting principle that is used using with retrospective approach:
A change in accounting principle that is used using with retrospective approach:
The cash flows from investing section do not include cash flow from:
A company will discontinue a component of the business and to sell component by the end of year. What is amount that company would report as income from discontinued operations:
The FASB’s has a preference for reporting operating cash flows as the:
Financial statement users typically begin determining permanent earnings as:
Given the intercept and slope of a regression, help Mae Designs forecast next year’s annual sales.
Your numbers will vary.
Which is added to net income as adjustment for indirect method of preparing statement of cash flows?
Popson Inc. had a material loss which was unusual in character. The loss should be reported:
Which types of companies would use process costing rather than job-order?
When any company sells land for cash and recognizes a $20,000 gain: