100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank for Advanced Financial Accounting Canadian 7th Edition By Beechy $31.61   Add to cart
Quickly navigate to
Preview
  2.  
  3. Accounting - TEST BANK
  4.  
  5. Accounting - TEST BANK
  6.  
  7. Accounting - TEST BANK

Exam (elaborations)

Test Bank for Advanced Financial Accounting Canadian 7th Edition By Beechy

 9 views  0 purchase
  • Course
  • Accounting - TEST BANK
  • Institution
  • Accounting - TEST BANK

Beechy, Trivedi, MacAulay Advanced Financial Accounting, Seventh Edition Chapter 3 Business Combinations 1) Which of the following is not a business combination? A) Statutory amalgamation B) Joint venture C) A company's purchase of 100% of another company's net assets D) A company's purchase of...

[Show more]

Preview 4 out of 383  pages

Document information

  • September 28, 2023
  • 383
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • test bank for accounting
  • test bank for advanced financial accounting
  • test bank for financial accounting
  • complete test bank with answers

Written for

  • Accounting - TEST BANK
  • Accounting - TEST BANK
  • Accounting - TEST BANK
All documents for this subject (74)

Seller

avatar-seller
ExamsExpert

Reviews received

Content preview

, TEST ITEM FILE
Betty Wong
Ingrid McLeod-Dick




Advanced Financial
Accounting
Seventh Canadian Edition
Thomas H. Beechy
York University
V. Umashanker Trivedi
York University
Kenneth MacAulay
St. Francis Xavier University




Toronto
ISBN: 978-0-133-13508-4



Copyright © 2014 Pearson Canada Inc. All rights reserved.

This work is protected by Canadian copyright laws and is provided solely for the use of instructors in teaching
their courses and assessing student learning. Dissemination or sale of any part of this work (including on the
Internet) will destroy the integrity of the work and is not permitted. The copyright holder grants permission to
instructors who have adopted Advanced Financial Accounting, Seventh Canadian Edition, by Beechy, Trivedi, and
MacAulay, to post this material online only if the use of the website is restricted by access codes to students in
the instructor’s class that is using the textbook and provided the reproduced material bears this copyright
notice.

, Beechy, Trivedi, MacAulay Advanced Financial Accounting, Seventh Edition




Chapter 1: Setting the Stage

Chapter 2: Intercorporate Equity Investments: An Introduction

Chapter 3: Business Combinations

Chapter 4: Wholly-Owned Subsidiaries: Reporting Subsequent Acquisitions

Chapter 5: Consolidation of Non-Wholly Owned Subsidiaries

Chapter 6: Subsequent-Year Consolidations: General Approach

Chapter 7: Segment and Interim Reporting

Chapter 8: Foreign Currency Transactions and Hedges

Chapter 9: Reporting Foreign Operations

Chapter 10: Financial Reporting for Non-for-Profit Organizations

Chapter 11: Public Sector Financial Reporting

Appendix 3A: Income Tax Allocation

Appendix 4A: Income Tax Allocation Subsequent to Acquisitions

Appendix 4B: Goodwill Impairment Test

Online Appendix 5A: Step Purchases

Online Appendix 5B: Decreases in Ownership Interest
Online Appendix 6A: Preferred and Restricted Shares of Investee Corporation

Online Appendix 6B: Intercompany Bond Holdings

Appendix 10A: Fund Accounting




Copyright © 2014 Pearson Canada Inc.

, Beechy, Trivedi, MacAulay Advanced Financial Accounting, Seventh Edition
Chapter 1 Setting the Stage


1) What do business enterprises have that NFPs do not have?
A) Specified products or services
B) Identifiable customers or clients
C) Employees
D) Boards of directors
Answer: B
Page Ref: 3
Learning Obj.: 1.1
Difficulty: Easy

2) Which of the following statements about the adoption of IFRS is true?
A) Many European countries adopted IFRS prior to 2011.
B) Canada adopted IFRS in 2012.
C) All European and North American countries adopted IFRS in 2011.
D) All European, Asian, and African countries adopted IFRS in 2011.
Answer: A
Page Ref: 3
Learning Obj.: 1.1
Difficulty: Easy

3) Why has the reputation of U.S. accounting standards decreased in recent years?
A) The U.S. deficit is at a record high.
B) Many U.S. businesses have declared bankruptcy.
C) There have been some notable American accounting scandals, such as Enron.
D) Lengthy prison sentences have been given to unethical American executives, such as Bernie Madoff.
Answer: C
Page Ref: 4
Learning Obj.: 1.2
Difficulty: Easy

4) Which of the following is true about the standards for publicly accountable enterprises in the CICA
Handbook, Part I?
A) The standards are similar to U.S. GAAP.
B) The standards are adaptations of IFRS that have been tailored to Canadian circumstances.
C) The standards are similar to ASPE.
D) The standards are identical, word for word, to IFRS.
Answer: D
Page Ref: 5
Learning Obj.: 1.2
Difficulty: Easy




Copyright © 2014 Pearson Canada Inc.
1-1

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

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.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

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

Will I be stuck with a subscription?

No, you only buy these notes for $31.61. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

71947 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$31.61
  • (0)
  Add to cart