The first goal of our company is to help all people to pass the Financial-Accounting-Reporting Test Blueprint exam and get the related certification in the shortest time. Through years of concentrated efforts of our excellent experts and professors, our company has compiled the best helpful and useful Financial-Accounting-Reporting Test Blueprint test training materials to meet all people’s demands, and in addition, we can assure to everyone that our study materials have a higher quality than other study materials in the global market, at the same time, these people will be easier to be admitted to the human resources supervisor. The Financial-Accounting-Reporting Test Blueprint learn prep from our company has helped thousands of people to pass the exam and get the related certification, and then these people have enjoyed a better job and a better life. In a word, our running efficiency on Financial-Accounting-Reporting Test Blueprint exam questions is excellent. Time is priceless. It is universally accepted that the competition in the labor market has become more and more competitive in the past years.
CPA Certification Financial-Accounting-Reporting Your work efficiency will far exceed others.
CPA Certification Financial-Accounting-Reporting Test Blueprint - Certified Public Accountant (Financial Accounting & Reporting) So, users can flexibly adjust their learning plans according to their learning schedule. Our Financial-Accounting-Reporting Valid Test Materials exam torrent is absolutely safe and virus-free. When it comes to buying something online (for example, Financial-Accounting-Reporting Valid Test Materials exam torrent), people who are concerned with privacy protection are often concerned about their personal information during the purchase process.
Under the leadership of a professional team, we have created the most efficient learning Financial-Accounting-Reporting Test Blueprint training guide for our users. Our users use their achievements to prove that we can get the most practical knowledge in the shortest time. Financial-Accounting-Reporting Test Blueprint exam questions are tested by many users and you can rest assured.
Admission Test Financial-Accounting-Reporting Test Blueprint - Well, you are in the right place.
About the Financial-Accounting-Reporting Test Blueprint exam certification, reliability can not be ignored. Financial-Accounting-Reporting Test Blueprint exam training materials of Goldmile-Infobiz are specially designed. It can maximize the efficiency of your work. We are the best worldwide materials provider about this exam.
If you want to pass the Financial-Accounting-Reporting Test Blueprint exam and get the related certification in the shortest time, choosing the Financial-Accounting-Reporting Test Blueprint study materials from our company will be in the best interests of all people. We can make sure that it will be very easy for you to pass your exam and get the related certification in the shortest time that beyond your imagination.
Financial-Accounting-Reporting PDF DEMO:
QUESTION NO: 1
The effect of a change in accounting principle that is inseparable from the effect of a change in accounting estimate should be reported:
A. By restating the financial statements of all prior periods presented.
B. As a component of income from continuing operations, in the period of change and future periods if the change affects both.
C. As a separate disclosure after income from continuing operations, in the period of change and future periods if the change affects both.
D. As a correction of an error.
Answer: B
QUESTION NO: 2
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with Quo's president and outside accountants, made changes in accounting policies, corrected several errors dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these transactions as: a change in accounting principle, a change in accounting estimate, a correction of an error in previously presented financial statements, or neither an accounting change nor an accounting error.
Item to Be Answered
Quo manufactures heavy equipment to customer specifications on a contract basis. On the basis that it is preferable, accounting for these long-term contracts was switched from the completed-contract method to the percentage-of-completion method.
List A (Select one)
A. Neither an accounting change nor an accounting error.
B. Correction of an error in previously presented financial statements.
C. Change in accounting estimate.
D. Change in accounting principal.
Answer: D
QUESTION NO: 3
In open market transactions, Gold Corp. simultaneously sold its long-term investment in Iron
Corp. bonds and purchased its own outstanding bonds. The broker remitted the net cash from the two transactions.
Gold's gain on the purchase of its own bonds exceeded its loss on the sale of the Iron bonds. Assume the transaction to purchase its own outstanding bonds is unusual in nature and has occurred infrequently.
Gold should report the:
A. Effect of its own bond transaction as an extraordinary gain, and report the Iron bond transaction loss in income before extraordinary items.
B. Effect of its own bond transaction gain in income before extraordinary items, and report the Iron bond transaction as an extraordinary loss.
C. Net effect of the two transactions in income before extraordinary items.
D. Net effect of the two transactions as an extraordinary gain.
Answer: A
QUESTION NO: 4
Rock Co.'s financial statements had the following balances at December 31:
What amount should Rock report as comprehensive income for the year ended December 31?
A. $400,000
B. $520,000
C. $570,000
D. $420,000
Answer: B
QUESTION NO: 5
Arpco, Inc., a for-profit provider of healthcare services, recently purchased two smaller companies and is researching accounting issues arising from the two business combinations. Which of the following accounting pronouncements are the most authoritative?
A. AICPA Industry and Audit Guides.
B. AICA Statements of Position.
C. FASB Statements of Financial Accounting Concepts.
D. FASB Statements of Financial Accounting Standards.
Answer: D
Microsoft DP-600 - The training tools which designed by our website can help you pass the exam the first time. You will have easy access to all kinds of free trials of the Genesys GCP-GCX practice materials. EMC D-UN-DY-23 - It is the leader in all training materials. Salesforce Rev-Con-201 - So we are deeply moved by their persistence and trust. Not to mention that Goldmile-Infobiz Admission Test Cisco 350-401 exam training materials are many candidates proved in practice.
Updated: May 28, 2022