a.

Relevancc and prudence

b. Reliability and conservatism
C a. Cost hedge or lhir value hedge
b. Cost hedge or cash florv hedge
,,\ 4 Arrive at thc correct cash balancc
h. Unearth an-v undctccted caslt fraud
-1. Current tax expetrse plus deferred tax expense is
ll a. A meaningless sum
,'61
(l
C a. [nductivc rcasoning
b. Experience
A .-r. lnventory'
b. Property, plant and eqtriPment
3. What is rhe correct sequence in dealing with the national budget for various government agencies'?
t] a. Allocation, appropriation, liquidation, obligation
b. Appropriation, allocation, obligation, liquidation
c. Obligation, appropriation. liquidation. allocation
d. Appropriation, obligation, ailocation, liquidation
4. A bank reconciliation is preparedtax expense
An entity purchases atuilding and the seller accepts payment partly in equity shires and partly in debeniures of the
entit-v. This transastion should be treated in the cash