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Questionário

1/10
Argument3
IAS 19 requires that all numbers involved in accounting for defined benefit plans be presented as a single
amount in the statement of financial position. What is this amount called?
Selecione a resposta
1 resposta correta
A.
Net defined benefit liability (asset)
B.
Asset ceiling
C.
Fair value
D.
Net present value

Questionário

2/10
Argument1
Paid annual leave and paid sick leave are examples of which kind of employee benefits?
Selecione a resposta
1 resposta correta
A.
Short-term benefits
B.
Post-employment benefits
C.
Termination benefits
D.
Long-term benefits

Questionário

3/10
Argument4
Which body has the sole responsibility for setting standards?
Selecione a resposta
1 resposta correta
A.
Standards Advisory Council (SAC)
B.
International Accounting Standards Board (IASB)
C.
International Financial Reporting Interpretations Committee (IFRIC)
D.
Accounting Principles Board (APB)

Questionário

4/10
Argument5
What is the purpose of a balance sheet?
Selecione a resposta
1 resposta correta
A.
To show sources of funds and the manner in which those funds are employed
B.
To account for changes in cash during the accounting period
C.
To show details of the nature of a company’s operating activities
D.
To reconcile the beginning and ending balances of stockholders’ equity

Questionário

5/10
Argument0
In defined contribution plans when the contributions are not expected to be settled wholly before twelve
months after the end of the reporting period, what must occur?
Selecione a resposta
1 resposta correta
A.
The employer must assume risk for the plan
B.
Contributions must be discounted
C.
Contributions must not be discounted
D.
The employer must pay a specified amount to the employee

Questionário

6/10
Argument7
Which of the following is a benefit of moving toward a single set of standards?
Selecione a resposta
1 resposta correta
A.
Create equity across the economies of different countries
B.
Reduce the number of cross-border capital flows
C.
Greater comparability between companies equals lower cost to investors
D.
Less competition among exchanges

Questionário

7/10
Argument2
Which of the following best defines the term "equity”?
Selecione a resposta
1 resposta correta
A.
The residual interest in the assets of the entity after deducting all its liabilities
B.
A present obligation of the entity arising from past events, the settlement of which is expected to result
in an outflow from the entity of resources embodying economic benefits
C.
Decreases in economic benefits during the accounting period in the form of outflows or depletions of
assets or incurrences of liabilities that result in decreases in equity, other than those relating to
distributions to equity participants
D.
Increases in economic benefits during the accounting period in the form of inflows or enhancements of
assets or decreases of liabilities that result in increases in equity, other than those relating to
contributions from equity participants

Questionário

8/10
Argument6
Which of the following is true of liabilities?
Selecione a resposta
1 resposta correta
A.
Current liabilities come due in less than a year
B.
Current liabilities come due in less than 18 months
C.
Noncurrent liabilities come due in less than a year
D.
Both current and noncurrent liabilities come due in less than a year

Questionário

9/10
Argument3
What is the present value of any economic benefits available in the form of refunds from or reductions in
the future contributions to the defined benefits plan called?
Selecione a resposta
1 resposta correta
A.
Net defined benefit liability (asset)
B.
Asset ceiling
C.
Fair value
D.
Net present value

Questionário

10/10
Argument1
Employee benefits that are not short-term, post-employment or termination benefits are considered what
kind of benefits?
Selecione a resposta
1 resposta correta
A.
Short-term benefits
B.
Post-employment benefits
C.
Termination benefits
D.
Long-term benefits
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