题目内容

Which of the following organizations is least likely involved with enforcing compliance with financial reporting standards?

A. Financial Services Authority(FSA).
B. Securities and Exchange Commission(SEC).
C. International Accounting Standards Board(IASB).

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International Accounting Standard (IAS) No.1 least likely requires which of the following?

A. Neither assets and liabilities,nor income and expenses,may be offset unless required or permitted by a financial reporting standard.
B. Audited financial statements and disclosures,along with updated information about the firm and its management,must be filed at least quarterly.
C. Fair presentation of financial statements means faithfully representing the firms events and transactions according to the financial reporting standards.

Under U.S. GAAP, interest paid would be classified as:

A. Operating cash flow.
B. Financing cash flow.
C. No cash flow impact.

Annual depreciation and accumulated depreciation are most likely classified as which financial statement elements?
Depreciation Accumulated depreciationAnnual depreciation and accumulated depreciation are most likely classified as which financial statement elements?
Depreciation Accumulated depreciation

A. Expenses Contra liabilities
B. Expenses Contra assets
C. Liabilities Contra assets

An electrician repaired the light fixtures in a retail shop on October 24 and sent the bill to the shop on November 3. If both the electrician and the shop prepare financial statements under the accru

Accrued revenue Accrued expense
B. Accrued revenue Prepaid expense
C. Unearned revenue Accrued expense

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