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E1: It gives the glossary definition of the term.
P1: They should be included in expense when incurred. Appendix A: Answer Key 175 Lesson 2
Q2: a. 2.
P1: This information can be found in Section 360-20, Real Estate Sales, which is part of
Topic 360, Property, Plant, and Equipment. Appendix A: Answer Key 176 Lesson 3
Q1: a. 9.
Purchases and Sales of Inventory with the Same Counterparty
Barter Credit Transactions
Exchanges Involving Monetary Consideration
Exchanges of a Nonfinancial Asset for a Noncontrolling Ownership Interest.
Q3: a. Employers with Two or More Plans.
b. Components of Net Periodic Postretirement Benefit Cost.
c. Settlements, Curtailments, and Certain Term Benefits.
P2: a. Yes. The SEC staff believes that this disclosure guidance applies to all accounting
standards which have been issued but not yet adopted by the registrant unless the
impact on its financial position and results of operations is not expected to be
b. 250-10-S99-5. Appendix A: Answer Key 177 Lesson 4
Q1: a. Section 15.
b. Section 15 and Section S15.
d. Section 15 and Section S15.
Q2: a. Conforming.
d. Conforming with Exceptions.
P1: a. No, the Subtopic’s guidance would not apply.
P2: a. The guidance applies to all entities that engage in the exchange of software
technology or products.
b. The guidance applies to computer software to be sold, leased, or otherwise marketed
as a separate product or as part of a product or process. However, the guidance
applies to software marketed as part of a product or process only if software and
software-related elements are more than incidental to the products or services as a
whole. Appendix A: Answer Key 178 Lesson 5
Q1: a. Subtopic.
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This note was uploaded on 03/27/2014 for the course ECON 12586 taught by Professor Yorambarzel during the Fall '09 term at University of Washington.
- Fall '09