Free CFEX Exam Braindumps (page: 19)

Page 19 of 41

The __________ cost method of pricing would carry an asset's value on the financial statements as what it would currently cost, considering inflation.

  1. Price-level adjusted historical cost

Answer(s): A



Accounting records are designed to be kept on subjective rather than objective evidence.

  1. True
  2. False

Answer(s): B



Which of the following is the amount of money that would be realized upon the sale of the asset at some point in the future, less the costs associated with owing, operating and selling it?

  1. Net realizable value
  2. Going concern
  3. Cost
  4. Fair value

Answer(s): A



The principle behind full disclosure is:

  1. Any material deviation from GAAP must be explained to the reader of the financial information.
  2. Any material deviation from SAS must be explained to the writer oh the financial information.
  3. Any material deviation from GAAP must be explained to writer of the financial information.
  4. None of above

Answer(s): A



Page 19 of 41



Post your Comments and Discuss Financial CFEX exam with other Community members:

Boopathy commented on August 17, 2023
i need this dump kindly upload it
Anonymous
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Boopathy commented on August 17, 2023
i need this dump kindly upload it
Anonymous
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SKS commented on August 26, 2015
Just downloaded and hope it will be helpful for my exam preparations and will update further after completing my exams
UNITED STATES
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