ch10
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ch10

Course: ACCT Intermedia, Spring 2009

School: Rutgers

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CHAPTER 10 ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND EQUIPMENT IFRS questions are available at the end of this chapter. TRUE-FALSE--Conceptual Answer F T F T F T F F F T T T T F F T T F F T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20 Description Nature of property, plant, and equipment. Nature of property, plant, and equipment. Cost of removing old building. Insurance on...

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CHAPTER 10 ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND EQUIPMENT IFRS questions are available at the end of this chapter. TRUE-FALSE Conceptual Answer No. Description F 1. Nature of property, plant, and equipment. T 2. Nature of property, plant, and equipment. F 3. Cost of removing old building. T 4. Insurance on equipment purchased. F 5. Accounting for special assessments. T 6. Overhead costs in self-constructed assets. F 7. Overhead costs in self-constructed assets. F 8. Interest capitalization. F 9. Qualifying assets for interest capitalization. T 10. Avoidable interest. T 11. Interest capitalization on land purchase. T 12. Deferred-payment contracts. T 13. Accounting for nonmonetary exchanges. F 14. Nonmonetary exchanges. F 15. Recognizing losses on nonmonetary exchanges. T 16. Costs subsequent to acquisition. T 17. Definition of improvements. F 18. Ordinary repairs benefit period. F 19. Involuntary conversion gains/losses. T 20 Loss from scrapped asset. MULTIPLE CHOICE Conceptual Answer No. Description d 21. Definition of plant assets. b 22. Characteristics of plant assets. d 23. Characteristics of plant assets. c 24. Composition of land cost. c 25. Composition of land cost. c 26. Determination of land cost. d 27. Determine cost of land used as a parking lot. a 28. Determine cost of machinery. b 29. Classification of fences and parking lots. b S 30. Recording plant assets at historical cost. d S 31. Accounting for overhead costs. d 32. Determine costs capitalized for self-constructed assets. d 33. Assets which qualify for interest capitalization. a 34. Assets which qualify for interest capitalization. c 35. Definition of "avoidable interest." a 36. Period of time over which interest may be capitalized. b 37. Maximum amount of annual interest that may be capitalized. Test Bank for Intermediate Accounting, Thirteenth Edition MULTIPLE CHOICE Conceptual (cont.) Answer No. Description b 38. Interest capitalizationweighted-average factor. d 39. Classification of interest earned on securities purchased with borrowed funds. d 40. Write-off of capitalized interest costs. c S 41. Conditions for interest capitalization. a S 42. Capitalization of interest on constructed assets. c S 43. Nonmonetary exchanges and culmination of earning process. a S 44. Recognizing gains/losses in exchange having commercial substance. a S 45. Valuation of nonmonetary asset. b P 46. Gain recognition on plant asset exchange. c 47. Valuation of plant assets. d 48. Plant asset acquired by issuance of stock. d 49. Valuation of nonmonetary exchanges. a 50. Gain recognition on a nonmonetary exchange. c 51. Gain recognition on a nonmonetary exchange. b 52. Accounting for donated assets.

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Rutgers - ACCT - Intermedia
CHAPTER 11DEPRECIATION, IMPAIRMENTS, AND DEPLETIONIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerT F T T F F T F F T T F T F T T F T F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19.
Rutgers - ACCT - Intermedia
CHAPTER 12INTANGIBLE ASSETSIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF F F F T T T F T T T F T T F F F F F FNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionChara
Rutgers - ACCT - Intermedia
CHAPTER 13CURRENT LIABILITIES AND CONTINGENCIESIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF F T T F F T F T F T F T F T T F F F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20
Rutgers - ACCT - Intermedia
CHAPTER 14LONG-TERM LIABILITIESIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerT F T F F T F F F T T F T T T T F F F FNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. *19. *20.Description
Rutgers - ACCT - Intermedia
CHAPTER 15STOCKHOLDERS' EQUITYIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerT F T F T F T F F T F T T F F T T F F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionSt
Rutgers - ACCT - Intermedia
CHAPTER 16DILUTIVE SECURITIES AND EARNINGS PER SHAREIFRS questions are available at the end of this chapter.TRUE-FALSE-Dilutive Securities-ConceptualAnswerT F T F F T F T F T F F T F T F T. F. T FNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.
Rutgers - ACCT - Intermedia
CHAPTER 17INVESTMENTSIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF T F F T F T F T T F T F T F T F T F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionExamples of
Rutgers - ACCT - Intermedia
CHAPTER 18REVENUE RECOGNITIONIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF T T F T F T T F F T F F T F F T T F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionRec
Rutgers - ACCT - Intermedia
CHAPTER 19ACCOUNTING FOR INCOME TAXESIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF F T T F T F T F T F T T F F T T T F FNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.Descrip
Rutgers - ACCT - Intermedia
CHAPTER 20ACCOUNTING FOR PENSIONS AND POSTRETIREMENT BENEFITSIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF T F T T F F T F T F F T F T F T F F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.
Rutgers - ACCT - Intermedia
CHAPTER 21ACCOUNTING FOR LEASESIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerT F F T F F T F F T F F T F T F T F T TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionB
Rutgers - ACCT - Intermedia
CHAPTER 22ACCOUNTING CHANGES AND ERROR ANALYSISTRUE-FALSE-ConceptualAnswerF T F T F T T T F T F F T F T T F F T TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.DescriptionChange in accounting estimate. Errors in fi
Rutgers - ACCT - Intermedia
CHAPTER 23STATEMENT OF CASH FLOWSIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF T T F T F T F T F T F F T F F T T F TNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.Description
Rutgers - ACCT - Intermedia
CHAPTER 24FULL DISCLOSURE IN FINANCIAL REPORTINGIFRS questions are available at the end of this chapter.TRUE-FALSE-ConceptualAnswerF T T F F T F T F T F T F T F T F T T FNo.1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 2
Rutgers - ACCT - Intermedia
QuestionsA-1 A-2 A-3 A-4 A-5 A-6 A-7Appendix AReflective thinking Derivatives Reflective thinking Analytic Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Analytic Analytic Analytic Analytic Ana
Rutgers - ACCT - Intermedia
Chapter 1Environment and Theoretical Structure of Financial AccountingAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach
Rutgers - ACCT - Intermedia
Chapter 2Review of the Accounting ProcessAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documenta
Rutgers - ACCT - Intermedia
Chapter 8Inventories: MeasurementAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation dif
Rutgers - ACCT - Intermedia
Chapter 9Inventories: Additional IssuesAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentati
Rutgers - ACCT - Intermedia
Chapter 10Operational Assets: Acquisition and DispositionAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment a
Rutgers - ACCT - Intermedia
AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide
Rutgers - ACCT - Intermedia
AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide
Rutgers - ACCT - Intermedia
Chapter 15AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is
Rutgers - ACCT - Intermedia
AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide
Rutgers - ACCT - Intermedia
Chapter 17Pensions and Other Postretirement BenefitsAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and it
Rutgers - ACCT - Intermedia
Chapter 18AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is
Rutgers - ACCT - Intermedia
Chapter 19assurance of standards in and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide specific quest
Rutgers - ACCT - Intermedia
assurance of standards in and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide specific questions on exam
Rutgers - ACCT - Intermedia
AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide
Rutgers - ACCT - Intermedia
Chapter 3The Balance Sheet and Financial DisclosuresAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and it
Rutgers - ACCT - Intermedia
Chapter 4The Income Statement and Statement of Cash FlowsAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment a
Rutgers - ACCT - Intermedia
Chapter 5Income Measurement and Profitability AnalysisAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and
Rutgers - ACCT - Intermedia
Chapter 6Time Value of Money ConceptsAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation
Rutgers - ACCT - Intermedia
Chapter 7Cash and ReceivablesAACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differe
Rutgers - ACCT - Intermedia
Chapter11OperationalAssets:UtilizationandImpairmentAACSBassuranceoflearningstandardsinaccountingandbusinesseducationrequiredocumentation ofoutcomesassessment.Althoughschools,departments,andfacultymayapproachassessmentand itsdocumentationdifferentl
Rutgers - ACCT - Intermedia
Chapter12InvestmentsAACSBassuranceoflearningstandardsinaccountingandbusinesseducationrequiredocumentation ofoutcomesassessment.Althoughschools,departments,andfacultymayapproachassessmentand itsdocumentationdifferently,oneapproachistoprovidespecificq
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