新用户扫码下载
扫码下载APP
及时接收最新考试资讯及
备考信息
美国CPA模拟试题：Financial（一）
What is the underlying concept governing the recording of gain contingencies?
a. Conservatism.
b. Reliability.
c. Relevance.
d. Consistency.
Explanation
Choice "a" is correct. Gain contingencies should not be recognized prior to realization as a prudent reaction to the uncertainty surrounding the realization of the gain as reflected in the convention of conservatism.
Choice "c" is incorrect. Overall, the qualities of information apply equally to all accounting information, not just gain contingencies. Relevance is a primary quality of information, which dictates that any information relative to the entity should be reported if it might be useful to the third party user (that is the information is timely with predictive and feedback value).
Choice "d" is incorrect. Overall, the qualities of information apply equally to all accounting information, not just gain contingencies. This includes consistency, an element of comparability, the secondary quality of information, which specifies that, when a choice of accounting principles has been made, the same principle be used in accounting for subsequent years' transactions.
Choice "b" is incorrect. Overall, the qualities of information apply equally to all accounting information, not just gain contingencies. This includes reliability, a primary quality, which requires that information be verifiable, neutral, and representationally faithful.
【我要纠错】 责任编辑：蓝色天空
下一篇：美国会计的主要特征
新用户扫码下载
京公网安备 11010802044457号