Purchase Solution

APB Opinions, non-financial performance, Administrative Tax

Not what you're looking for?

Ask Custom Question

Which APB opinion requires all companies to disclose both the accounting policies the firm follows and the methods used in applying the policies?
a. APB Opinion No. 22
b. APB Opinion No. 9
c. APB Opinion No. 10
d. APB Opinion No. 19

Some of the measures that can be used for non-financial performance are which of the following?
a. Balanced scorecard
b. Total Quality Management (TQM)
c. Benchmarking
d. Trend analysis
e. A and B

Administrative sources of federal tax law do NOT include which of the following?
a. Treasury Department regulations
b. Expense procedures
c. Revenue rulings
d. Revenue procedures
e. Letter rulings

Purchase this Solution
Solution Summary

Which APB opinion requires all companies to disclose both the accounting policies the firm follows and the methods used in applying the policies?
a. APB Opinion No. 22
b. APB Opinion No. 9
c. APB Opinion No. 10
d. APB Opinion No. 19

Some of the measures that can be used for non-financial performance are which of the following?
a. Balanced scorecard
b. Total Quality Management (TQM)
c. Benchmarking
d. Trend analysis
e. A and B

Administrative sources of federal tax law do NOT include which of the following?
a. Treasury Department regulations
b. Expense procedures
c. Revenue rulings
d. Revenue procedures
e. Letter rulings

Solution Preview

1. APB Opinion No. 22 is titled "Disclosure of Accounting Policies." Therefore, answer a. is ...

Purchase this Solution
Free BrainMass Quizzes
Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Motivation

This tests some key elements of major motivation theories.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Operations Management

This quiz tests a student's knowledge about Operations Management

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

View More Free Quizzes
Related BrainMass Solutions

  • Summarize the sources and objectives of modern income tax statutes. Compare and contrast GAAP and tax accounting. Explain why they are different.

    GAAP is based on prevalent industry practice; Accounting Principles Board (APB) statements and opinions; Financial Accounting Standards Board (FASB) statements, concepts, technical bulletins and interpretations; American Institute of Certified Public

  • SFAS and APB Opinion

    Issued in 1967, APB No. 11 used a comprehensive tax allocation method to record recurring and nonrecurring timing differences for companies that recognized revenues and expenses in different periods on their tax returns and in their financial statements

  • Match the description to the pronouncements

    of the APB.

  • Taxable and financial income

    GAAP is based on prevalent industry practice; Accounting Principles Board (APB) statements and opinions; Financial Accounting Standards Board (FASB) statements, concepts, technical bulletins and interpretations; American Institute of Certified Public

  • Interim Financial Reporting

    The effective tax rate is, in accordance with previous APB opinions, based on earnings for financial statement purposes as opposed to taxable income which may consider temporary differences.

  • Stock options under the fair value method

    intrinsic value recognition and measurement principles of APB Opinion No. 25, "Accounting for Stock Issued to Employees," and related Interpretations.

  • Disclosure of Accounting Polices

    APB No. 22 notes that a company's accounting principles, and their method of application, can affect significantly the presentation of its financial position, results of operations, and cash flows and accordingly requires disclosure that describes those

  • US Tax Court

    Memorandum Opinions are decided by the Chief Judge. According to the Tax Court website, a Memorandum Opinions is issued in regular cases that do not involve a novel legal issue.

  • change in accounting principle

    The code calls for restatement or revision of previous financial statements to correct a mistake. The code requires that direct effects and income tax effects be shown.

View More Related Solutions