CFAS-quiz.docx - 1.Many shares and most share options are...

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1.Many shares and most share options are not traded in an active market. Therefore, it is often difficultto arrive at a fair value of the equity instruments being issued. Which of the following option valuationtechniques should not be used as a measure of fair value in the first instance?(1/1 Points)Intrinsic value.Monte-Carlo model.Black-Scholes model.Binomial model.
2.How should the effect of a change in accounting estimate be accounted for?(1/1 Points)
3.For cash settled share-based payment transaction, any change in fair value of the liability is(1/1 Points)
4.These arise from misapplication of accounting policies, mathematical mistakes, oversights ormisinterpretations of facts, or fraud.(1/1 Points)
5.Which statement is true regarding interim financial statements?(1/1 Points)Interim financial statements must be presented with the most recent annual financial statementsInterim financial statements are requiredIf interim financial statements are presented, only a statement of financial position and a statementof comprehensive income are required
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Chapter 14 / Exercise 1
South-Western Federal Taxation 2020: Corporations, Partnerships, Estates and Trusts
Raabe/Young/Nellen/Hoffman
Expert Verified
If interim financial statements are presented, four basic financial statements are required6.In accounting for share appreciation rights, compensation expense is generally(1/1 Points)
7.Interest cost included in the net pension cost recognized under a defined benefit plan represents the(1/1 Points)
8.Earnings per share should be computed on the basis of(1/1 Points)
9.A provision shall be recognized as liability when(1/1 Points)An entity has a present obligation as a result of a past eventAll of these are required for the recognition of a provision as liabilityThe amount of the obligation can be measured reliablyIt is probable that an outflow of resources embodying economic benefits will be required to settlethe obligation
10.EPS Disclosures are

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The document you are viewing contains questions related to this textbook.
South-Western Federal Taxation 2020: Corporations, Partnerships, Estates and Trusts
The document you are viewing contains questions related to this textbook.
Chapter 14 / Exercise 1
South-Western Federal Taxation 2020: Corporations, Partnerships, Estates and Trusts
Raabe/Young/Nellen/Hoffman
Expert Verified

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