ACC 421 Course Great Wisdom / tutorialrank.com ACC 421 Course Great Wisdom / tutorialrank.com | Page 3

Problem 23-6
Comparative balance sheet accounts of Marcus Inc. are presented
below.
IFRS Multiple Choice Question 06
Which of the following is false with regard to IFRS and the statement
of cash flows?
IFRS Multiple Choice Question 07
Ocean Company follows IFRS for its external financial reporting.
Which of the following methods of reporting are acceptable under
IFRS for the items shown?
IFRS Multiple Choice Question 08
Ocean Company follows IFRS for its external financial reporting.
Which of the following methods of reporting are acceptable under
IFRS for the items shown?

IFRS Multiple Choice Question 09
Wave, Inc. follows IFRS for its external financial reporting. The
statement of cash flows reports changes in cash and cash equivalents,
which of the following is not considered cash or a cash equivalent
under IFRS?
IFRS Multiple Choice Question 10
Surf Company follows IFRS for its external financial reporting. The
following amounts were available at December 31, 2013:
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ACC 421 Final Exam Guide