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(Download PDF) International Financial Reporting and Analysis 6th Edition Alexander Test Bank Full Chapter
(Download PDF) International Financial Reporting and Analysis 6th Edition Alexander Test Bank Full Chapter
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Chapter 10 – Structure of Published Financial Statements
TRUE/FALSE
1. An asset should be classified as a current asset even if it is restricted from being exchanged for at least
12 months after the accounting period.
2. Biological assets should be shown separately on the face of the balance sheet.
3. The layout of the balance sheet is specified in greater detail in the EU 4th Directive than in the IASs.
ANS: T PTS: 1 TOP: The balance sheet under the fourth directive
5. Under IAS 1, if the conditions are broken on long term debt it should immediately be classified as a
current liability.
MULTIPLE CHOICE
2. As a minimum requirement, which of the following is required to be shown as a separate line item on
the balance sheet?
a. Property c. Equipment
b. Plant d. Investment property
ANS: D PTS: 1 TOP: Statement of financial position under IAS 1
Unconscious that destiny had its eye upon her, Bonnie May found
increasing comfort and contentment in her new home.
As a result of the delighted labors of Flora, her wardrobe had
become more complete than it had ever been before. She developed
such pride in the possession of many garments that Flora forgot her
own needs and gave disproportionately of her time and means to the
“outfitting” of the guest whose needs were so urgent.
As if for her special entertainment, unusual things happened.
For example, Mr. Addis called again. And a call from Mr. Addis
became, in Bonnie May’s drama-loving mind, the most delicious form
of intrigue. Mrs. Baron became indignant at the very mention of Mr.
Addis’s name. Flora became quietly wistful.
Kneeling on a low Brussels hassock at the front window of the upper
floor one night, Bonnie May saw the figure of a man extricate itself
from the passing current of humanity and make resolutely for the
Baron door.
She swiftly placed her finger on her lip and reflected. “Mr. Addis!” she
exclaimed in a whisper.
She made a supreme effort to leave the room without appearing to
have any definite purpose. Once out of sight in the hall, however,
she rushed down the stairs, just in time to open the door before the
bell was rung. She was in an elated state. She had the lower floor to
herself, save for Mrs. Shepard, who would be sure not to interrupt.
“Oh! Mr. Addis!” she whispered eagerly. She promptly ushered him
into the drawing-room and quietly closed the door with an effect of
being absent-minded, rather than designing. “Please sit down,” she
said. She had the light burning immediately.
She drew a chair forward and stood beside it a moment, and under
her inspection Mr. Addis’s cheeks took on even a deeper rosiness
and his brown eyes twinkled.
“How is—my confederate?” he asked.
She was delighted. “That’s it,” she said. “That’s what I want to be.
Your confederate. May I?”
“You may,” he said with emphasis.
She had sat down. “You know,” she confided, “I’m strong for what
you call heart interest. If you haven’t got anything but manners in
your show you soon find that people are patronizing the burlesque
houses. Don’t you think I’m right?”
Mr. Addis did not make a very pertinent response to this. “You’re a
queer little customer,” he said.
“That’s what I call favorable criticism put into plain words. I thank
you.” She added: “I want to be friends with you if you’ll let me
because I think we can’t have the right kind of heart interest around
here unless you—unless you take a more prominent part.”
Mr. Addis nodded. “That’s my idea, too. That’s why I called. If you’ll
tell Mrs. Baron I’m here, I’ll see if I can’t get her to agree with us.”
Bonnie May did not stir. “Please not just yet,” she begged. “Couldn’t
we talk things over first? If I could find out what’s wrong....” She
looked at him with pretty embarrassment.
“What, for instance, would you like to know?”
She pulled herself farther back into her chair and reflected a
moment. “Would you mind,” she asked, “telling me how you got
acquainted with Miss Flora?”
“Not at all. She’s been coming to my store—to order things—ever
since she was a little girl.”
“Oh! your store. Well, go on.”
“And occasionally I’ve dropped into the church she goes to. You
know who I am, I suppose?”
She beamed upon him. “I may not have all the details. Suppose you
make a complete confession.”
He shot a dubious glance at her; then he smiled. Bonnie May
thought his teeth were quite wonderful. “I’m the head of the Addis
Stores Company.”
Bonnie May looked slightly dismayed.
“A business man,” added Mr. Addis firmly. “I’ve admired Miss Flora a
very long time. I had chances just to be nice and polite to her. I
haven’t taken any pains to hide from her, for a year or so——”
“I understand,” Bonnie May finished for him.
“Well, then. But the trouble is that Mrs. Baron——”
“She can only see you with a pencil behind your ear,” supplemented
Bonnie May.
Mr. Addis laughed. “Now you have it!” he agreed.
Bonnie May pondered. “You know you’re not a regular-looking
Romeo,” she conceded.
“I know that very well. But at the same time——”
She gave him time to finish; then, as he seemed to lack words, she
came to his aid again: “If you undertook to pay a lady’s travelling
expenses, it would take a pretty smooth Iago to make you do
anything nasty.”
“That’s it!” agreed Mr. Addis with emphasis.
“Have you tried the—the little, unimportant things?”
“As for example?”
“Well, just as a suggestion: you know you weren’t carrying a stick
when you came in to-night.”
“Oh, that sort of thing. You see, that’s not in my line at all. I wouldn’t
know how to carry a stick, or where to put it. I don’t see any use in
’em except to beat off dogs, maybe—and all the dogs like me!”