Control means rights to the variability of returns and also..

81-120

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Other
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University
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Hard
My Nhung
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
power to influence them
power to make decisions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you deal with contingent consideration?
Use the FV
Use FV only if probable
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A company bought an asset for 2,000 (10 year useful life) After 5 years it is impaired to 800. What is the double entry?
Dr Asset/Cr P/L 200
Dr Asset/Cr P/L 800
Dr P/L / Cr Asset 200
Dr P/L / Cr Asset 800
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract performed but not paid would be
a contract receivable or asset
a contract payable or liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which would lead to more consistent accounting standards?
A rules based system
A principles based framework
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an intangible asset?
Good Relationship with customers
A Patent
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is the screen of the device you're using right now - a cash CGU?
Don't be ricky-dicky-lous
Of course it is - it cost me serious cash stacks man
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