暗記メーカー

暗記メーカー

​

chapter 4

chapter 4
30問 • 1年前
  • nicollette claire
    • 通報

    問題一覧

  • 1

    Which is the correct definition of a provision?

    A liability of uncertain timing or uncertaint amount

  • 2

    A provision shall be recognized when

    All of these are required for the recognition of a provision liability.

  • 3

    A legal obligation is an obligation that is derived from all of the following, except

    An established pattern of practice

  • 4

    An entity has an established pattern of practice or stated policy that has created valid expectation that it will accept certain financial responsibility.

    Constructive obligation

  • 5

    It is an event that creates a legal or constructive Obligation because the entity has no other realistic alternative but to settle the obligation.

    Obligating event

  • 6

    An outlow of resources embodying economic benefits is regarded as probable when

    The probability that the event will occur is greater than the probability that the event will not occur

  • 7

    Where there is a continuous range of possible outcomes, and each point in that range is as likely as any other, the range to be used is the

    Midpoint

  • 8

    When the provision involves a large population of items, the estimate of the amount

    Reflects the weighting of all possible outcomes by their associated probabilities.

  • 9

    When the provision arises from a single obligation, the estimate of the amount

    Is the individual most likely outcome adiusted for the effect of other possible outcomes.

  • 10

    The present value in a range of possible outcomes all discounted using the same rate would be

    The sum of probability weighted present value

  • 11

    A provision shall be recognized for

    Obligations for plant decommissioning costs

  • 12

    Provisions shall be recognized for all of the following, except

    Future refurbishment costs due to introduction of a new computer system.

  • 13

    An entity is closing one of its operating divisions, and the conditions for making restructuring provision have been met. The closure will happen in the first quarter of the next financial year. At the current year-end, the entity has announced the formal plan publicly and is calculating the restructuring provision. Which of the following costs should be included in the restructuring provision?

    Contractually required costs of retiring staff being made redundant from the division being closed

  • 14

    An entity has been served a legal notice at year-end by the Department of Environment and Natural Resources to fit smoke detectors in its factory on or before middle of the next year. The cost of fitting smoke detector can be measured reliably. How should the entity treat this in the financial statements at year-end?

    No provision is recognized at year-end because there is no present obligation for the future expenditure since the entity can avoid the future expenditure by changing the method of operations, but disclosure is required.

  • 15

    An entity operates chemical plants. The published policies include a commitment to making good any damage caused to the environment by its operations. The entity has always honored this commitment. Which of the following scenarios relating to the entity would give rise to a provision?

    A chemical spill from one of the entity's plants has caused harm to the surrounding area and wildlife.

  • 16

    An entity did not record an accrual for a present obligation but disclose the nature of the obligation and the range of the loss. How likely is the loss?

    Certain

  • 17

    The likelihood that the future event will or will not occur can be expressed by a range of outcome. Which range means that the future event occurring is very slight?

    Remote

  • 18

    An expropriation of asset which is imminent and for which the amount of loss can be reasonably estimated should be

    Accrued and disclosed

  • 19

    A present obligation that is probable and for which the amount can be reliably estimated should

    Be accrued by debiting an expense account and crediting a liability account.

  • 20

    General or unspecified contingencies should

    Not be accrued and need not be disclosed.

  • 21

    A contingent liability

    Has a most probable value of zero but may require a payment if a given future event occurs.

  • 22

    Contingent asset is usually recognized when

    Realized

  • 23

    Which is the proper treatment of contingent asset?

    A disclosure only

  • 24

    Gain contingency that is remote and measurable

    Should not be reported or disclosed.

  • 25

    Which is the proper way to report a contingent asset, receipt of which is virtually certain?

    No disclosure and no accrual

  • 26

    Contingent liability will or will not become actual liability depending on

    The degree of uncertainty.

  • 27

    A contingent liability shall be recognized when

    The amount of the loss can be reliably measured and it is probable prior to issuance of financial statements that a liability has been incurred.

  • 28

    How should a contingent liability be reported in the financial statements when it is reasonably possible?

    As a disclosure only

  • 29

    A contingent liability

    Is not recognized in the financial statements.

  • 30

    A contngent liability is

    A potential small liability.

    • Quiz I.T Week 3

    Quiz I.T Week 3

    nicollette claire · 34問 · 2年前

    Quiz I.T Week 3

    Quiz I.T Week 3

    34問 • 2年前
    nicollette claire

    Quiz I.T. Week 4

    Quiz I.T. Week 4

    nicollette claire · 29問 · 2年前

    Quiz I.T. Week 4

    Quiz I.T. Week 4

    29問 • 2年前
    nicollette claire

    Quiz I.T. Week 5

    Quiz I.T. Week 5

    nicollette claire · 7問 · 2年前

    Quiz I.T. Week 5

    Quiz I.T. Week 5

    7問 • 2年前
    nicollette claire

    midterm exam FAR

    midterm exam FAR

    nicollette claire · 40問 · 2年前

    midterm exam FAR

    midterm exam FAR

    40問 • 2年前
    nicollette claire

    midterm qui

    midterm qui

    nicollette claire · 20問 · 2年前

    midterm qui

    midterm qui

    20問 • 2年前
    nicollette claire

    CFAS CHAPTER 1

    CFAS CHAPTER 1

    nicollette claire · 41問 · 2年前

    CFAS CHAPTER 1

    CFAS CHAPTER 1

    41問 • 2年前
    nicollette claire

    CFAS CHAPTER 2

    CFAS CHAPTER 2

    nicollette claire · 28問 · 2年前

    CFAS CHAPTER 2

    CFAS CHAPTER 2

    28問 • 2年前
    nicollette claire

    CFAS CHAPTER 3

    CFAS CHAPTER 3

    nicollette claire · 9問 · 2年前

    CFAS CHAPTER 3

    CFAS CHAPTER 3

    9問 • 2年前
    nicollette claire

    I.T FINALS R3VIEWER EXCEL 1

    I.T FINALS R3VIEWER EXCEL 1

    nicollette claire · 35問 · 2年前

    I.T FINALS R3VIEWER EXCEL 1

    I.T FINALS R3VIEWER EXCEL 1

    35問 • 2年前
    nicollette claire

    I.T FINALS REVIEWER SORTING DATA

    I.T FINALS REVIEWER SORTING DATA

    nicollette claire · 20問 · 2年前

    I.T FINALS REVIEWER SORTING DATA

    I.T FINALS REVIEWER SORTING DATA

    20問 • 2年前
    nicollette claire

    I.T REGIEWER VLOOKUP

    I.T REGIEWER VLOOKUP

    nicollette claire · 9問 · 2年前

    I.T REGIEWER VLOOKUP

    I.T REGIEWER VLOOKUP

    9問 • 2年前
    nicollette claire

    chapter 5

    chapter 5

    nicollette claire · 10問 · 1年前

    chapter 5

    chapter 5

    10問 • 1年前
    nicollette claire

    Chapter 6

    Chapter 6

    nicollette claire · 20問 · 1年前

    Chapter 6

    Chapter 6

    20問 • 1年前
    nicollette claire

    chapter 7

    chapter 7

    nicollette claire · 15問 · 1年前

    chapter 7

    chapter 7

    15問 • 1年前
    nicollette claire

    chapter 9

    chapter 9

    nicollette claire · 10問 · 1年前

    chapter 9

    chapter 9

    10問 • 1年前
    nicollette claire

    Chapter 14

    Chapter 14

    nicollette claire · 5問 · 1年前

    Chapter 14

    Chapter 14

    5問 • 1年前
    nicollette claire

    chapter 14

    chapter 14

    nicollette claire · 24問 · 1年前

    chapter 14

    chapter 14

    24問 • 1年前
    nicollette claire

    Chapter 16

    Chapter 16

    nicollette claire · 20問 · 1年前

    Chapter 16

    Chapter 16

    20問 • 1年前
    nicollette claire

    chapter 24

    chapter 24

    nicollette claire · 25問 · 1年前

    chapter 24

    chapter 24

    25問 • 1年前
    nicollette claire

    chapter 25

    chapter 25

    nicollette claire · 10問 · 1年前

    chapter 25

    chapter 25

    10問 • 1年前
    nicollette claire

    chapter 17

    chapter 17

    nicollette claire · 20問 · 1年前

    chapter 17

    chapter 17

    20問 • 1年前
    nicollette claire

    chapter 18

    chapter 18

    nicollette claire · 15問 · 1年前

    chapter 18

    chapter 18

    15問 • 1年前
    nicollette claire

    問題一覧

  • 1

    Which is the correct definition of a provision?

    A liability of uncertain timing or uncertaint amount

  • 2

    A provision shall be recognized when

    All of these are required for the recognition of a provision liability.

  • 3

    A legal obligation is an obligation that is derived from all of the following, except

    An established pattern of practice

  • 4

    An entity has an established pattern of practice or stated policy that has created valid expectation that it will accept certain financial responsibility.

    Constructive obligation

  • 5

    It is an event that creates a legal or constructive Obligation because the entity has no other realistic alternative but to settle the obligation.

    Obligating event

  • 6

    An outlow of resources embodying economic benefits is regarded as probable when

    The probability that the event will occur is greater than the probability that the event will not occur

  • 7

    Where there is a continuous range of possible outcomes, and each point in that range is as likely as any other, the range to be used is the

    Midpoint

  • 8

    When the provision involves a large population of items, the estimate of the amount

    Reflects the weighting of all possible outcomes by their associated probabilities.

  • 9

    When the provision arises from a single obligation, the estimate of the amount

    Is the individual most likely outcome adiusted for the effect of other possible outcomes.

  • 10

    The present value in a range of possible outcomes all discounted using the same rate would be

    The sum of probability weighted present value

  • 11

    A provision shall be recognized for

    Obligations for plant decommissioning costs

  • 12

    Provisions shall be recognized for all of the following, except

    Future refurbishment costs due to introduction of a new computer system.

  • 13

    An entity is closing one of its operating divisions, and the conditions for making restructuring provision have been met. The closure will happen in the first quarter of the next financial year. At the current year-end, the entity has announced the formal plan publicly and is calculating the restructuring provision. Which of the following costs should be included in the restructuring provision?

    Contractually required costs of retiring staff being made redundant from the division being closed

  • 14

    An entity has been served a legal notice at year-end by the Department of Environment and Natural Resources to fit smoke detectors in its factory on or before middle of the next year. The cost of fitting smoke detector can be measured reliably. How should the entity treat this in the financial statements at year-end?

    No provision is recognized at year-end because there is no present obligation for the future expenditure since the entity can avoid the future expenditure by changing the method of operations, but disclosure is required.

  • 15

    An entity operates chemical plants. The published policies include a commitment to making good any damage caused to the environment by its operations. The entity has always honored this commitment. Which of the following scenarios relating to the entity would give rise to a provision?

    A chemical spill from one of the entity's plants has caused harm to the surrounding area and wildlife.

  • 16

    An entity did not record an accrual for a present obligation but disclose the nature of the obligation and the range of the loss. How likely is the loss?

    Certain

  • 17

    The likelihood that the future event will or will not occur can be expressed by a range of outcome. Which range means that the future event occurring is very slight?

    Remote

  • 18

    An expropriation of asset which is imminent and for which the amount of loss can be reasonably estimated should be

    Accrued and disclosed

  • 19

    A present obligation that is probable and for which the amount can be reliably estimated should

    Be accrued by debiting an expense account and crediting a liability account.

  • 20

    General or unspecified contingencies should

    Not be accrued and need not be disclosed.

  • 21

    A contingent liability

    Has a most probable value of zero but may require a payment if a given future event occurs.

  • 22

    Contingent asset is usually recognized when

    Realized

  • 23

    Which is the proper treatment of contingent asset?

    A disclosure only

  • 24

    Gain contingency that is remote and measurable

    Should not be reported or disclosed.

  • 25

    Which is the proper way to report a contingent asset, receipt of which is virtually certain?

    No disclosure and no accrual

  • 26

    Contingent liability will or will not become actual liability depending on

    The degree of uncertainty.

  • 27

    A contingent liability shall be recognized when

    The amount of the loss can be reliably measured and it is probable prior to issuance of financial statements that a liability has been incurred.

  • 28

    How should a contingent liability be reported in the financial statements when it is reasonably possible?

    As a disclosure only

  • 29

    A contingent liability

    Is not recognized in the financial statements.

  • 30

    A contngent liability is

    A potential small liability.