Correct Answer: Mitigating risk on the changing value of the asset on which it is based
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Generally Accepted Accounting Principles (GAAP) Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Generally Accepted Accounting Principles (GAAP) MCQ Questions
What is a deferred tax asset?
What is the date of abandonment?
When is the stock value of stock dividend determined?
What are 'eliminating entries'?
Which FASB Statement addresses accounting for stock dividends?
Which would qualify for capitalization of interest?
Which would be considered a discontinued operation?
Which word describe a situation when a contingent liability should be recorded?
What account is credited in accounting when impairment is booked?
Which FASB deals with the impairment of long lived assets?