Harding Corp.has a permanently impaired asset.The difference between its carrying val
A.reported as an operating loss.
B.charged directly against retained earnings.
C.reported as non-operating loss in other comprehensive income.
A.reported as an operating loss.
B.charged directly against retained earnings.
C.reported as non-operating loss in other comprehensive income.
第1题
A company that capitalizes costs instead of expensing them will have:
A.higher income variability and higher cash flows from operations.
B.lower cash flows from investing and lower income variability.
C.lower cash flows from operations and higher profitability in early years.
第2题
East Company incurs $110,000 of costs to establish technological feasibility of a new software application it hopes to sell and $90,000 of costs to develop the application.West Company incurs $110,000 of research costs related to a new product and $90,000 of development costs for the product.If East reports under U.S.GAAP and West reports under IFRS, these projects will:
A.increase East’s total assets more the West’s total assets.
B.increase West’s total assets more the West’s total assets.
C.have the same effects on East’s and West’s total assets.
第3题
Two growing firms are identical except that A Company capitalizes costs for some long-lived assets that C Company expenses.For these two firms, which of the following financial statements effects is most likely? A Company will show higher:
A.net income than C Company.
B.working capital than C Company.
C.investing cash flow than C Company.
第4题
A reconciliation of beginning and ending carrying values for long-lived tangible assets is required for firms reporting under:
A.IFRS.
B.U.S.GAAP.
C.both U.S.GAAP and IFRS.
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