Under U.S.GAAP, which of the following factors is an analyst least likely to conside

Is the reversal of an inventory write-down permitted under U.S.GAAP (generally accepted accounting principles) and International Financial Reporting Standards (IFRS)？

A.No, under both

B.Yes, under both

C.Yes under IFRS but not under U.S.GAAP

FRS show equal pension liabilities, it is most likely that:

A.both firms’ defined contribution plans are underfunded.

B.the funded status of the U.S.GAAP firm’s pension is equal to its pension liability.

C.the IFRS firm’s pension is underfunded by a greater amount than the U.S.GAAP firm’s pension.

ts is required for firms reporting under:

A.IFRS.

B.U.S.GAAP.

C.both U.S.GAAP and IFRS.

Under U.s.GAAP, a LIFO liquidation occurs when the:

A.LIFO reserve value increases.

B.Firm changes from LIFO to FIFO

C.Quantity of goods sold is greater than the quantity produced.

Under U.S.GAAP, an asset is considered impaired if its book value is:

A.less than its market value.

B.greater than the present value of its expected future cash flows.

C.greater than the sum of its undiscounted expected cash flows.

A.realized losses

B.unrealized gainsand losses for trading securities

C.unrealized gainsand losses for available-for-sale securities

firm might expect cash flow from operations (CFO) and working capital (WC) under the LIFO (rather than FIFO) inventory method to be:

A.Lower for both CFO and WC.

B.Lower for CFO and higher for WC.

C.Higher for CFO and lower for WC.

deferred taxes？ A valuation allowance is required under:

A.IFRS on revaluation of capital assets.

B.U.S.GAAP if there is doubt about whether a deferred tax asset will be recovered.

C.both IFRS and U.S.GAAP on tax differences arising from the translation of foreign operations.

st would be most likely to:

A. Add goodwill to stockholders’ equity.

B. Eliminate all intangible assets from the balance sheet.

C. Adjust the IFRS statements from LIFO inventory costing to FIFO method.

Two software companies that report their financial statements under U.S.GAAP (generally accepted accounting principles) are identical except as to how soon they judge a project to be technologically feasible.One firm does so very early in the development cycle while the other usually waits until just before the project is released to manufacturing.Compared to the company that judges technological feasibility early, the one that waits until closer to manufacturing will most likely report lower:

A.financial leverage.

B.total asset turnover.

C.cash flow from operations.