Horizontal analysis
Vertical analysis
Circular analysis
3IFRS Multiple Choice Question 243
Under IFRS, there is no classification for
changes in accounting principles.
changes in accounting estimates.
discontinued operations.
extraordinary items
4Multiple Choice Question 155
ACME Company reports income before income taxes of $2,400,000
and had an extra-ordinary loss of $800,000. If the tax rate is 30%,
the income before the extraordinary item is $1,680,000.
the income before the extraordinary item is $1,920,000.
the extraordinary loss will be reported at $240,000.
the extraordinary loss would be reported on the income statement at
$800,000.
5Multiple Choice Question 65