Under IFRS, which is NOT correct in relation to the treatment of assets?

(US GAAP ) You declare a dividend. What happens on the cash flow statement and in which section?

Accruals occur when the cash flow comes _____ either expense or revenue recognition.

A company recently acquires 85% control over another company. They account for this investment under the initial value method. The subsidiary earns $100,000 income during the year, pays $75,000 dividends, and has excess amortizations of $10,000. How much should the investment in sub account increase as a result of these operations?

Revenue is recognized when it is both earned and realized.

At 12/31/10 there were 1,000,000 shares issued and 300,000 where held as treasury stock. During 2011, 100,000 shares were excercised via stock options and the company repurchased 50,000 of its outstanding shares. How many shares were outstanding as of 12/31/11?

On the cash flow statement, depreciation is found in the _________ section.

The current ratio is an indicator of which following characteristic of an organization?

For a material item to be classified as an extraordinary item on the income statement, it must be:

With a decrease in an expense, you must _____ the account.

The multiple-step income statement for a merchandiser shows each of the following features except: