Ch 24 - Name: Status : Score: Instructions: Test Full...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Name: Test Full Disclosure in Financial Reporting --- Stec Status : Completed Score: 180 out of 200 points Instructions: Question 1 Multiple Choice 10 of 10 points Which of the following should be disclosed in a Summary of Significant Accounting Policies? Selected Answer: Depreciation method followed Question 2 Multiple Choice 10 of 10 points Accounting principles are modified for the following at interim dates. Selected Answer: 4 Question 3 Multiple Choice 10 of 10 points Events that occur after the December 31, 2008 balance sheet date (but before the balance sheet is issued) and provide additional evidence about conditions that existed at the balance sheet date and affect the realizability of accounts receivable should be Selected Answer: used to record an adjustment to Bad Debt Expense for the year ending December 31, 2008. Question 4 Multiple Choice 10 of 10 points The calculation of the number of times interest is earned involves dividing Selected Answer: net income plus income taxes and interest expense by annual interest expense. Question 5 Multiple Choice 10 of 10 points In most situations, an auditor issues a qualified opinion or disclaims an opinion. Selected
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

Ch 24 - Name: Status : Score: Instructions: Test Full...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online