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Wiley GAAP: Practical Implementation Guide and Workbook
book

Wiley GAAP: Practical Implementation Guide and Workbook

by Barry J. Epstein, Nadira M. Saafir
August 2010
Intermediate to advanced content levelIntermediate to advanced
368 pages
13h 34m
English
Wiley
Content preview from Wiley GAAP: Practical Implementation Guide and Workbook

ANSWERS FOR MULTIPLE-CHOICE QUESTIONS

Chapter 2

1. c 2. d 3. a 4. a 5. b

Chapter 3

1. c 2. b 3. c

Chapter 4

1. b 2. a 3. d 4. b 5. c

Chapter 5

1. c 2. a 3. c 4. c

Chapter 6

1. c 2. b 3. e 4. a 5. c

Chapter 7

1. b 2. d 3. e 4. a

Chapter 8

1. b 2. c 3. c 4. a

Chapter 9

1. d 2. c 3. d 4. b 5. a

6. d 7. d

Chapter 10

1. a 2. b 3. b

Chapter 11

1. c 2. c 3. b 4. d 5. d

6. c 7. a 8. d 9. c 10. a

11. c 12. c 13. b 14. a 15. d

16. d 17. a 18. c

Chapter 12

1. d 2. a 3. c 4. c 5. d

6. b

Chapter 13

1. d 2. d 3. b 4. d 5. a

Chapter 14

1. d 2. b 3. c 4. a 5. d

6. d 7. b

Chapter 15

1. c 2. d 3. a 4. d 5. a

6. a 7. d 8. c 9. b 10. a

11. d 12. c* 13. b 14. d

12. c[4] 13. b 14. d[5]

Chapter 16

1. a 2. c[6] 3. b 4. a

Chapter 17

1. a 2. c 3. b 4. c 5. d

Chapter 18

1. c 2. a 3. d 4. b 5. c

Chapter 19

1. b 2. b 3. d 4. c 5. b

6. c 7. b

Chapter 20

1. c 2. d 3. c 4. a

Chapter 21

1. c 2. b 3. b 4. c 5. a

6. c

Chapter 22

1. d 2. b 3. d 4. a 5. b

6. c 7. d 8. c

Chapter 23

1. c 2. b 3. b 4. b 5. a

6. b 7. b 8. a 9. a

Chapter 24

1. a 2. e 3. b 4. a 5. b

6. d 7. b 8. a 9. a

Chapter 25

1.a 2. b

Chapter 26

1. c 2. b 3. d 4. a

Chapter 27

1. c 2. a 3. b 4. d

[4] At January 1, 2008: cost $10 million – 30% of $20 million= 4 At January 1, 2009: cost $15 million – 40% of $25 million = 5/9 (Entity A has not accounted for the initial purchase as an associate.)

[5] Cost of acquisition (Mask's shareholders own 60% of equity of Man) In order for 40% of Mask's shares to be owned by shareholders of Man, Mask needs to issue 4 million shares. Therefore, cost of acquisition is 4 million x $6 ...

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Publisher Resources

ISBN: 9780470599068Purchase book