Reading 43: International Standards Convergence - LOS c ～ accounting, principles, interest, received, correct

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1.The correct set of cash flow treatments as they relate to interest and dividends received according to U.S. generally accepted accounting principles (GAAP) and International Accounting Standards (IAS) GAAP is:

U.S. GAAP

IAS GAAP

 

A)                        CFI                                   CFO

B)                        CFO                                  CFI

C)                        CFI or CFO                        CFI

D)                        CFO                             CFI or CFO

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答案和详解如下：

1.The correct set of cash flow treatments as they relate to interest and dividends received according to U.S. generally accepted accounting principles (GAAP) and International Accounting Standards (IAS) GAAP is:

U.S. GAAP

IAS GAAP

 

A)                         CFI                                   CFO

B)                         CFO                                  CFI

C)                         CFI or CFO                        CFI

D)                         CFO                             CFI or CFO

The correct answer was D)

U.S. GAAP treats interest and dividends received as CFO whereas IAS GAAP treats interest and dividends received as either CFO or CFI.

mcdullpong

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gracelian

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shuru1207

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jerrywang0

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