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Click on the Link Below to Purchase A+ Graded Course Material http://budapp.net/ACC-206-Accounting-Principles-II-Week-8-Quiz-Strayer-266.htm Quiz 6 Chapter 1 6 INVESTM E NTS CHA P TE R ST UD Y O B J EC T I V ES 1. Discu s s w hycorpor a t i o n s i nve s t i nde b tandstocksecu r i t ies. 2. Ex p lain t heacc o u nt i n g f ordebt i nves t men t s. 3. Ex p lain t heacc o u nt i ng f orstockinves t ment s . 4. De s cribetheuseof c o n s o l i d a ted f inan c i a l s ta t eme n ts. 5. I ndic a teh o wde b ta n d s tock i nves t mentsarerepor t ed i nfinan c ialstat e me n ts. 6. Dist i ng u ishb e t w een s h o rt-te r mand l on g -t e r m i nves t ment s . TRU E - F ALS E S T A T E M EN T S 1.     C orpora t i onsp u rchase i n v estmen t sindebt o rstocksecurities g en e ra ll y f oro n e o ft w o reasons. 2.     Areason s omec o mpan i espurch a sein v estmen t sisbeca u s e t hey ...

Click on the Link Below to Purchase A+ Graded Course Material http://budapp.net/ACC-350-Week-8-Quiz-Strayer-345.htm Quiz 6 Chapter 7   Flexible Budgets, Direct-Cost Variances, and Management Control 1) The master budget is one type of flexible budget.   2) A flexible budget is calculated at the start of the budget period.   3) Information regarding the causes of variances is provided when the master budget is compared with actual results.   4) A variance is the difference between the actual cost for the current and previous year.  5) A favorable variance results when budgeted revenues exceed actual revenues.   6) Management by exception is the practice of concentrating on areas not operating as anticipated (such as a cost overrun) and placing less attention on areas operating as anticipated.   7) The essence of variance analysis is to capture a depart...

Click on the Link Below to Purchase A+ Graded Course Material http://budapp.net/ACC-401-Advanced-Accounting-Week-8-Quiz-Strayer-276.htm Quiz 7 Chapter 11 and 12 Chapter 11 International Financial Reporting Standards Multiple Choice—Conceptual 1.         The goals of the International Accounting Standards Committee include all of the following except a.   To improve international accounting. b.   To formulate a single set of auditing standards to be applied in all countries. c.   To promote global acceptance of its standards. d.   To harmonize accounting practices between countries. 2.         Which of the following is true about the FASB after the mandatory adoption of IFRS by US companies? a.   The FASB will serve in an advisory capacity to the IASB. b.   The FASB will remain the designated standard-sett...