Test Bank SWFT Comprehensive 2010 ch 16

Test Bank SWFT Comprehensive 2010 ch 16 - CHAPTER 16...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 16 ACCOUNTING PERIODS AND METHODS Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system. Learning Objective, Level of Difficulty, Estimated Time to Completion, and the AACSB’s and AICPA’s Core Competencie s for each test item are located within the item itself. Status: Q/P Question/ Present in Prior Problem Topic Edition Edition TRUE OR FALSE 1 Tax year: personal service corporation Unchanged 1 2 Tax year: C corporation Unchanged 2 3 Tax year: S corporation Unchanged 3 4 Tax year: partnership Unchanged 4 5 Tax year: partnership and principal partner Unchanged 5 6 Tax year: partnership and majority interest partners New 7 Tax year: partnership and least aggregate deferral Unchanged 7 method 8 Tax year: PSC and natural business year New 9 Tax year: partnership business purpose Unchanged 9 10 Tax year: personal service corporation Unchanged 10 11 Short tax year Unchanged 11 12 Tax year: annualization New 13 Tax year: annualization Unchanged 13 14 Restoration of amounts received under a claim New of right 15 Accounting method: cash versus accrual New 16 Cash method: one-year rule Unchanged 16 17 Electing an accounting method: multiple businesses Unchanged 17 18 All-events test for deductions Unchanged 18 19 Accounting method: cash versus accrual Unchanged 19 20 Change in accounting method: § 481 adjustment New 21 Change in accounting method: § 481 adjustment Unchanged 21 22 Installment method: recognized gain Unchanged 22 23 Installment method: recovery of capital Unchanged 23 24 Installment method: interest on deferred taxes New 25 Capitalization of interest Unchanged 25
Background image of page 1

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

View Full DocumentRight Arrow Icon
Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 26 Percentage of completion method versus completed Unchanged 26 contract method: eligibility 27 Percentage of completion method: de minimis rule Unchanged 27 MULTIPLE CHOICE 1 Tax year: 52-53 weeks Unchanged 1 2 Tax year: partnership Unchanged 2 3 Tax year: partnership and least aggregate deferral Unchanged 3 4 Tax year: entity form New 5 Tax year: selection Unchanged 5 6 Tax year: personal service corporation Unchanged 6 7 Tax year: annualization Unchanged 7 8 Restoration of amounts received under a Unchanged 8 claim of right 9 Accrual method: who must use? New 10 Accounting method: required method Unchanged 10 11 Accounting method: required method Unchanged 12 Accounting method: required method Unchanged 12 13 Accounting method: farming Unchanged 13 14 Accrual method: all-events test Unchanged 14 15 Accrual method: all-events test and economic New performance test 16 Accrual basis: economic performance and all events Unchanged 16 17 Economic performance: recurring items New 18 Economic performance: matching Unchanged 18 19 Economic performance and all events tests Unchanged 19 20 Accrual method: reserves
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/18/2010 for the course ACCT 2200 taught by Professor Smith during the Spring '10 term at San Mateo Colleges.

Page1 / 42

Test Bank SWFT Comprehensive 2010 ch 16 - CHAPTER 16...

This preview shows document pages 1 - 3. Sign up to view the full document.

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