NAT: BUSPROG: Communication
STA: AICPA: FN: Measurement | ACBSP: GAAP | IMA: Financial Statement Analysis
TOP: Development of Generally Accepted Accounting Principles (GAAP) in the United States
KEY: Bloom's: Comprehension NOT: Time: 20 min.
33. ANS: K PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Communication
STA: AICPA: FN: Measurement | ACBSP: GAAP | IMA: Financial Statement Analysis
TOP: Development of Generally Accepted Accounting Principles (GAAP) in the United States
KEY: Bloom's: Comprehension NOT: Time: 20 min.
Listed below are Concept Statements.
Required:
Match the letter of each Concept Statement with the Concept Statement title.
| a. | Statement of Financial Accounting Concepts No. 1 |
| b. | Statement of Financial Accounting Concepts No. 2 |
| c. | Statement of Financial Accounting Concepts No. 3 |
| d. | Statement of Financial Accounting Concepts No. 4 |
| e. | Statement of Financial Accounting Concepts No. 5 |
| f. | Statement of Financial Accounting Concepts No. 6 |
| g. | Statement of Financial Accounting Concepts No. 7 |
34. Objectives of Financial Reporting by nonbusiness
35. Elements of Financial Statements of Business Enterprises
36. Qualitative Characteristics of Accounting Information
37. Elements of Financial Statements (a replacement of No. 3)
38. Objective of Financial Reporting by Business Enterprises
39. Recognition and Measurement in Financial Statements of Business Enterprise
40. Using Cash Flow Information in Accounting Measurements
34. ANS: D PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Communication
STA: AICPA: FN: Measurement | ACBSP: GAAP | IMA: Financial Statement Analysis
TOP: Development of Generally Accepted Accounting Principles (GAAP) in the United States
KEY: Bloom's: Comprehension NOT: Time: 10 min.
35. ANS: C PTS: 1 DIF: Difficulty: Moderate