CHAPTER 19
ACCOUNTING FOR INCOME TAXES
TRUE-FALSEConceptual
Answer
F F T T F T F T F T F T T F F T T T F F
No.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
Description
Taxable income. Use of pretax financial income. Taxable amoun
CHAPTER 23
STATEMENT OF CASH FLOWS
TRUE-FALSEConceptual
Answer
F T T F T F T F T F T F F T F F T T F T
No.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
Description
Primary purpose of the statement of cash flows. Information provi
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.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
Description
Change in accounting estimate. Errors in financial
CHAPTER 21
ACCOUNTING FOR LEASES
TRUE-FALSEConceptual
Answer
T F F T F F T F F T F F T F T F T F T T
No.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
Description
Benefits of leasing. Accounting for long-term leases. Classifying l
CHAPTER 20
ACCOUNTING FOR PENSIONS AND POSTRETIREMENT BENEFITS
TRUE-FALSEConceptual
Answer
F T F T T F F T F T F F T F T F F T F T
No.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
Description
Funded pension plan. Qualified pensio
CHAPTER 18
REVENUE RECOGNITION
TRUE-FALSEConceptual
Answer
F T T F T F T T F F T F F T F F T T F T
No.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
Description
Recognition of revenue. Realization of revenue. Delayed recognition o
CHAPTER 24
FULL DISCLOSURE IN FINANCIAL REPORTING
TRUE-FALSEConceptual
Answer
F T T F F T F T F T F T F T F T F T T F
No.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
Description
Items affected by FASB standards. SEC reporting re