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CHAPTER 7
CASH AND RECEIVABLES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
F
F
F
T
F
F
T
T
T
F
F
T
F
F
T
F

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CHAPTER 14
LONG-TERM LIABILITIES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
T
F
F
T
F
F
F
T
T
F
T
T
T
T
F

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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-FALSEConceptual

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CHAPTER 16
DILUTIVE SECURITIES AND EARNINGS PER SHARE
IFRS questions are available at the end of this chapter.
TRUE-FALSEDilutive SecuritiesConceptual

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CHAPTER 18
REVENUE RECOGNITION
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
T
F
T
F
T
T
F
F
T
F
F
T
F
F
T
T

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CHAPTER 17
INVESTMENTS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
F
F
T
F
T
F
T
T
F
T
F
T
F
T
F
T
F
T
No.

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CHAPTER 22
ACCOUNTING CHANGES AND ERROR ANALYSIS
TRUE-FALSEConceptual
Answer
F
T
F
T
F
T
T
T
F
T
F
F
T
F
T
T
F
F
T
T
No.
Description
1.
2.
3.
4.
5.
6.

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CHAPTER 21
ACCOUNTING FOR LEASES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
F
T
F
F
T
F
F
T
F
F
T
F
T
F
T

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CHAPTER 19
ACCOUNTING FOR INCOME TAXES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
F
T
T
F
T
F
T
F
T
F
T
T
F

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CHAPTER 24
FULL DISCLOSURE IN FINANCIAL REPORTING
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
T
F
F
T
F
T

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CHAPTER 20
ACCOUNTING FOR PENSIONS
AND POSTRETIREMENT BENEFITS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T

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CHAPTER 23
STATEMENT OF CASH FLOWS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
T
F
T
F
T
F
T
F
T
F
F
T
F
F

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CHAPTER 9
INVENTORIES: ADDITIONAL VALUATION ISSUES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
F
T
F
T
T
F

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CHAPTER 11
DEPRECIATION, IMPAIRMENTS, AND DEPLETION
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
T
T
F
F
T

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CHAPTER 3
THE ACCOUNTING INFORMATION SYSTEM
IFRS questions are available at the end of this chapter.
TRUE/FALSE
Answer
F
T
F
F
F
F
F
T
T
F
T
T
F
T
F
F

CHAPTER 14
LONG-TERM LIABILITIES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
T
F
F
T
F
F
F
T
T
F
T
T
T
T
F
F
F
F
No.
Description
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
*19.
*20.
Bond int

CHAPTER 15
STOCKHOLDERS EQUITY
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
T
F
T
F
T
F
F
T
F
T
T
F
F
T
T
F
F
T
No.
Description
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
State a corp

Chapter 07 - Individual Income Tax Computation and Tax Credits
Chapter 7
Individual Income Tax Computation and Tax Credits
SOLUTIONS MANUAL
Problems
50. [LO 1] In 2011, Lisa and Fred, a married couple, have taxable income of $300,000. If they
were to file

Chapter 10 - Property Dispositions
Chapter 10
Property: Dispositions
SOLUTIONS MANUAL
Problems
33. [LO 1] Shasta Corporation sold a piece of land to Bill for $45,000. Shasta bought the land
two years ago for $30,600. What gain or loss does Shasta realize

Chapter 12 - Special Property Transactions
CHAPTER 12
SPECIAL PROPERTY TRANSACTIONS
Discussion Questions
1. Can the exchange of personal use property qualify as a like-kind exchange? Why?
Answer:
If a taxpayer trades a personal use asset for another asset

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CHAPTER 13
CURRENT LIABILITIES AND CONTINGENCIES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
F
T
T
F
F
T
F
T

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CHAPTER 1
FINANCIAL ACCOUNTING AND
ACCOUNTING STANDARDS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
T
T
F

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CHAPTER 2
CONCEPTUAL FRAMEWORK UNDERLYING
FINANCIAL ACCOUNTING
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T

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CHAPTER 4
INCOME STATEMENT AND RELATED INFORMATION
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
F
T
T
T
F
F

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CHAPTER 5
BALANCE SHEET AND STATEMENT OF CASH FLOWS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
T
T
F
F
T

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CHAPTER 6
ACCOUNTING AND THE TIME VALUE OF MONEY
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
F
T
T
F
F
T
T

CHAPTER 16 Dilutive Securities & Earnings per Share [pages 904-973]
LEARNING OBJECTIVES
1.
Describe the accounting for the issuance, conversion, and retirement of
convertible securities.
2.
Explain the accounting for convertible preferred stock.
3.
Contra