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- he Revaluation Reserve Account should be accounted for as part of a. Assets b. Liability c. Equity d. ExpensThe modified accrual basis ______. Multiple select question. What solution is it below? (A) records receivables (B) is merely a "light" version of the accrual version is not equivalent to the cash basis (C) accrues expenditures when payable (D) does not recognize long-term assets and liabilitiesContingent liabilities that are probable and can be estimated are... A. Reported on the balance sheet B. Reported only when paid with cash C. Are not required to be disclosed
- Which of the following situations does not base an accounting measure on a present value? Prepaid insurance , leases, pensions or sinking fundsTo find NPV, it requires Choices: A.none of the choices B.discount rate and estimated cash flows C.investment amount plus discount rate D.discount rate and inflation rate E.estimated cash flow and capital structureComponents of the cost of risk do not include: A-- the cost of issuing bonds B-- the cost of loss financing C-- the cost of loss control D-- the cost of internal risk reduction E-- the expected cost of losses
- Off-Balance Sheet Activities do not have a direct impact on the financial stability or risk of a FI. True FalseA basic difference between loss contingencies and “real”liabilities is: a. Liabilities stem from past transactions; loss contingen-cies stem from future events. b. Liabilities always are recorded in the accountingrecords, whereas loss contingencies never are.c. The extent of uncertainty involved. d. Liabilities can be large in amount, whereas loss contin-gencies are immaterial.What is disaggregated financial information?
- Prepare a statement of revenue, expense, and change in Fund net position.Hint: Not all accounts listed in this problem may be used in the correct solution. This means you need to distinguish between income statement accounts and balance sheet accounts.Assets is Outflows or other using up of assets or incurrence of liabilities true FalseWhich of the following numerators does NOT include assets: a. Traffic speed of receivables b. Traffic speed of fixed assets c. Traffic speed of suppliers d. Traffic speed of stocks e. all of the above
