rnee share calculations must be restated for all the following events EXCEPT a s
ID: 2330419 • Letter: R
Question
rnee share calculations must be restated for all the following events EXCEPT a stock dividend Issuing a stock split asing shares Issuing shares in an acquisition under the pooling of interest method Id minority Interest be presented in the consolidated balance long-term liabitities and current tiabilities parent sharcholders equity a) Within long-term liabilities 62- Which of the followings a) Revenue from lesse ag b) Changes in FV of fins c) Change in FV of biol d) All of the above c) Within the n equiy but separate from the parent shareholders' equity obligation at the repon 6 Provisions are measured at the best estimate of the amount requíred to settle the with list price ves a large population of items, the estimate of the amount iated probabilities utcomes by their assoc -1,000 list, less 200 trad to be remitted to govern a) Reflects the weighting of all possible o b) Is determ O) d) ined to be the individual most likely outcome Is the individu None of the above al most likely outcome adjusted to consider the other possibl n) 640 b) 1,000 c) 700 d) vent arising out of a past transaction is called a(n) 690 57 A potential liability that depends upon a) Contingent liability b) Estimated liability 64 - The matching a) Addresses th c) Accrued liability d) Unearned revenue c) Requires th d) estment when net asset cash 58- Which depreciation method will not lead to an increasing return on in the asset's life? b) Straight line d) Sinking fund 65- If the mon was in transit balance in the a) Sum-of-the-year's-digits c) Double declining balance a) S22,5 b) S 23,5 c) d) $ 38 59- Percentage of completion must be used a) Rendering of services and construction contracts b) Rendering of serv c) Construction contracts only when the out to recognize revenue from: ices only when the outcome can be estimated reliably e can be estimated reliably 66- Fixe At end o reliable com d) Both b and c ence by an investora b) c) d) 60 - Which of the following pro vide evidence to support the existence of significant influ a) Representation on board of directors b) Material transactions between the investor and the invested c) Interchange of managerial personnel 67 d) All of the above sented in a cash flow statemenr? 51 - How should gain on sale of an a) b) office building owned by the entity be pre As an inflow in the investing activities sect As an inflow in the "financing activities a long-term loan from a bank that needs to be repaid from the sale proce tion of the cash flow because it pertains to a long- term asset "section of the cash flow statement because the building was con ing activities" section of the cash flow statement prepared und tnsting activities" section of the cash flow statements As an adjustment of the net income in the "operatExplanation / Answer
55) Option D Minority Interest presented in the consolidated balance sheet separately from liabilities and the equity of the parent’s shareholders. 56) Option A Provision reflects the weighting of all possible outcomes by their associated probabilities. 57) Option A A contingent liability is a possible obligation that arises from past events in future period. 58) Option D Sinking-fund depreciation reflect ROI earned by assets.
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