100% de satisfacción garantizada Inmediatamente disponible después del pago Tanto en línea como en PDF No estas atado a nada
logo-home
Buscado previamente por ti
Buscado previamente por ti
logo
TEST BANK FOR Intermediate Accounting Volume 2 8E Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel Chapter 12-22 $12.99
Añadir al carrito
Navegar rápidamente a
Vista previa
  2.  
  3. TB& SM
  4.  
  5. TB& SM

Examen

TEST BANK FOR Intermediate Accounting Volume 2 8E Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel Chapter 12-22

 0 veces vendidas
  • Grado
  • TB& SM
  • Institución
  • TB& SM
  • Book
  • Intermediate Accounting

TEST BANK FOR Intermediate Accounting Volume 2 8E Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel Chapter 12-22 ...

Vista previa 4 fuera de 583  páginas

Información del documento

  • 1 de octubre de 2024
  • 583
  • 2024/2025
  • Examen
  • Preguntas y respuestas

Temas

  • for
  • intermediate
  • accounting
  • volume 2
  • 8th
  • edition
  • thomas h beechy
  • joan e conrod
  • elizabeth farrell
  • test
  • bank
  • by
  • intermediate accounting volume 2 8e thomas
  • test bank

Libro relacionado

book image

Título del libro:

Autor(es):

  • Edición:
  • ISBN:
  • Edición:

Más resúmenes para

  • TEST BANK FOR INTERMEDIATE ACCOUNTING VOLUME 2 8TH EDITION UPDATED VERSION BY THOMAS H. BEECHY, JOAN E. CONROD, ELIZABETH FARRELL & INGRID MCLEOD-DICK CHAPTER 12-22 COVERED QUESTIONS AND ANSWERS GRAD...
  • TEST BANK FOR Intermediate Accounting Volume 2 8th Edition Updated Version by Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell & Ingrid McLeod-Dick Chapter 12-22|ISBN: 9781259654688| Complete Guide...
  • Test bank for Intermediate accounting volume 2 8th edition by Thomas H. Beechy and Conrod All Chapters 1-22 Covered
Todos para este libro de texto (7)

Escuela, estudio y materia

  • TB& SM
Todos documentos para esta materia (127)

Vendedor

avatar-seller
ASolution

Comentarios recibidos

Vista previa del contenido

Created By: A Solution


TEST BANK FOR Intermediate Accounting Volume 2 8E Thomas

H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick,

Kayla Tomulka, Romi-Lee Sevel Chapter 12-22

Answers are at the End of Each Chapter

Chapter 12

1) Conceptually, liabilities constitute a present obligation as a result of a past event and

entail an expected future sacrifice of assets or services.

⊚ true

⊚ false




2) Under ASPE, only legal obligations are recognized.

⊚ true

⊚ false




3) A reasonable expectation on the part of a company's stakeholders arising from a

company's past practices or behaviour may constitute a constructive obligation in certain

instances.

⊚ true

⊚ false




A+ Page 1

,Created By: A Solution




4) A contingency may become a provision if the likelihood of the contingent event greatly

increases.

⊚ true

⊚ false




5) Under IFRS, most financial liabilities are valued at fair value.

⊚ true

⊚ false



6) An improvement to a company's credit rating under IFRS will lead to a reduction in the

carrying amount of any financial liabilities and a gain being reported in OCI.

⊚ true

⊚ false




7) Loan guarantees are only recorded if they are likely to be paid.

⊚ true

⊚ false




8) Accrued liabilities made due to routine operating expenses are not normally discounted.


A+ Page 2

,Created By: A Solution


⊚ true

⊚ false




9) For a small population, the best estimate for the amount of a provision that must be

recognized is the expected value of the possible outcomes.

⊚ true

⊚ false




10) Under IFRS, provisions are always recorded at their expected value.

⊚ true

⊚ false




11) For a large population, the best estimate for the amount of a provision that must be

recognized is the most likely outcome with respect to the expected value and cumulative

probabilities.

⊚ true

⊚ false




A+ Page 3

, Created By: A Solution


12) Under ASPE, contingent liabilities which are more likely than not, are accrued at the

lowest end of the range.

⊚ true

⊚ false



13) Contingent assets may be recorded under ASPE but not under IFRS.

⊚ true

⊚ false




14) Executory contracts seldom require a journal entry, while onerous contracts do.

⊚ true

⊚ false




15) Discounting is not required when the time value of money is immaterial or if the amount

and timing of cash flows is highly uncertain.

⊚ true

⊚ false




16) Financial liabilities are initially recognized at fair value and at cost, amortized cost or fair

value post-acquisition.


A+ Page 4

Los beneficios de comprar resúmenes en Stuvia estan en línea:

Garantiza la calidad de los comentarios

Garantiza la calidad de los comentarios

Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!

Compra fácil y rápido

Compra fácil y rápido

Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.

Enfócate en lo más importante

Enfócate en lo más importante

Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!

Preguntas frecuentes

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

100% de satisfacción garantizada: ¿Cómo funciona?

Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ASolution. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

45,681 summaries were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Empieza a vender

Vistos recientemente

Examen ·

(0)

Galen College School of Nursing Individualized Remediation Plan comp 2 exam _ (Questions & answers) 2024/2025; 100% TRUSTED Complete, trusted solutions and explanations.

Examen ·

(0)

ATI Shock, Sepsis, and Multiple Organ Dysfunction Syndrome Test Bank: Chapter 11: Chamberlain College of Nursing NR 341 (A Graded) Latest Questions and Complete Solutions

Examen ·

(0)

MDARD Michigan General Pest Management 7A Chapter 1 Legalities of General Pest Management Actual 2024 Questions with 100% Correct Answers | Verified | Latest Update 2024

Lote ·

(0)

Solutions Manual With Test Bank for Financial Accounting 4th Edition By David Spiceland, Wayne Thomas, Don Herrmann (All Chapters, 100% Original Verified, A+ Grade)

Examen ·

(0)

NRNP 6675 15 week 6 midterm exam/ NRNP 6675- 15 Midterm Exam Questions and Answers/ NRNP 6675 midterm Actual Exam with 100% Correct Answers (Best Revision Material)

Examen ·

(0)

NUR210 /NUR 210 FINAL EXAM NEWEST 2024 EXAM 2 VERSIONS AND PRACTICE QUESTIONS COMPLETE 500 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT) /A+ GRADE ASSURED

Examen ·

(0)

TEST BANK For Advanced Assessment Interpreting Findings and Formulating Differential Diagnoses, 5th Edition by Goolsby, Verified Chapters 1 - 22, Complete Newest Version

Examen ·

(0)

2023 NUR 2502 EXAM 2/NUR2502 EXAM 2 LATEST EXAM ALL 50 QUESTIONS AND CORRECT ANSWERS/MDC3 EXAM 2 /MULTIDIMENSIONAL CARE 3 EXAM 2 |ALREADY GRADED A+|RASMUSSEN COLLEG

Examen ·

(1)

TEST BANK FOR PORTH'S ESSENTIAL OF PATHOPHYSIOLOGY 5TH EDITION BY TOMMIE L. NORRIS LATEST UPDATE WITH ALL CHAPTER QUESTIONS AND CORRECT ANSWERS 100% COMPLETE SOLUTION

$12.99
  • (0)
Añadir al carrito
Añadido