Are you still satisfied with your present job? Do you still have the ability to deal with your job well? Do you think whether you have the competitive advantage when you are compared with people working in the same field? If your answer is no，you are a right place now. Because our Financial-Accounting-Reporting Latest Test Duration exam torrent will be your good partner and you will have the chance to change your work which you are not satisfied with, and can enhance your ability by our Financial-Accounting-Reporting Latest Test Duration guide questions, you will pass the exam and achieve your target. We can promise that we will provide you with quality products, reasonable price and professional after sale service on our Financial-Accounting-Reporting Latest Test Duration learning guide. If you buy our Financial-Accounting-Reporting Latest Test Duration exam questions, we will offer you high quality products and perfect after service just as in the past. Our effort in building the content of our Financial-Accounting-Reporting Latest Test Duration practice questions lead to the development of practice materials and strengthen their perfection.
There are many advantages of our Financial-Accounting-Reporting Latest Test Duration study tool.
CPA Certification Financial-Accounting-Reporting Latest Test Duration - Certified Public Accountant (Financial Accounting & Reporting) Experts expressed their meaning with clarity by knowledgeable and understandable words which cannot be misunderstood. Because the exam may put a heavy burden on your shoulder while our New Financial-Accounting-Reporting Exam Dumps Free practice materials can relieve you of those troubles with time passing by. Just spent some time regularly on our New Financial-Accounting-Reporting Exam Dumps Free exam simulation, your possibility of getting it will be improved greatly.
Our three versions of Financial-Accounting-Reporting Latest Test Duration study materials are the PDF, Software and APP online. They have their own advantages differently and their prolific Financial-Accounting-Reporting Latest Test Duration practice materials can cater for the different needs of our customers, and all these Financial-Accounting-Reporting Latest Test Duration simulating practice includes the new information that you need to know to pass the test for we always update it in the first time. So you can choose them according to your personal preference.
Admission Test Financial-Accounting-Reporting Latest Test Duration - They compile each answer and question carefully.
All the Financial-Accounting-Reporting Latest Test Duration training files of our company are designed by the experts and professors in the field. The quality of our study materials is guaranteed. According to the actual situation of all customers, we will make the suitable study plan for all customers. If you buy the Financial-Accounting-Reporting Latest Test Duration learning dumps from our company, we can promise that you will get the professional training to help you pass your exam easily. By our professional training, you will pass your exam and get the related certification in the shortest time.
By our study materials, all people can prepare for their Financial-Accounting-Reporting Latest Test Duration exam in the more efficient method. We can guarantee that our study materials will be suitable for all people and meet the demands of all people, including students, workers and housewives and so on.
Financial-Accounting-Reporting PDF DEMO:
QUESTION NO: 1
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: 2
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: 3
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: 4
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: 5
Coffey Corp.'s trial balance of Income Statement Accounts for the year ended December 31,
1988 as follows:
Coffey's income tax rate is 30%. The gain on debt extinguishment is considered a usual and recurring part of Coffey's operations. The hurricane is considered an unusual and infrequent event. Coffey prepares a multiple-step income statement for 1988.
Net income is:
A. $200,000
B. $168,000
C. $161,000
D. $140,000
Answer: D
The Microsoft AI-900 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. If you do not receive our Workday Workday-Pro-Talent-and-Performance study materials, please contact our online workers. Because a lot of people hope to get the certification by the related exam, now many leaders of companies prefer to the candidates who have the APICS CSCPcertification. In fact, all of the three versions of the HP HPE3-CL05 practice prep are outstanding. Databricks Databricks-Certified-Data-Engineer-Associate - If you have any questions about our study materials, you can send an email to us, and then the online workers from our company will help you solve your problem in the shortest time.
Updated: May 28, 2022