A Person Having a near Point of 25 Cm Uses

question 65

Multiple Choice

A person having a near point of 25 cm uses a magnifying glass with a focal length of 10 cm. What is the angular magnification of the glass for that person when her eyes are focused at infinity?

• A) 3.5
• B) 2.5
• C) 4.5
• D) 1.5

Recognize and correct errors in financial statements related to inventory management and capital expenditures.

Apply the percentage-of-completion and completed contract methods for long-term construction contracts and evaluate their conservatism.

Grasp the complexities of accounting for contracts under IFRS when cost estimation is challenging.

Understand the installment method of revenue recognition and its impact on deferred and realized gross profit.

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Definitions:

Direct Method

A cash flow statement preparation approach that lists major categories of gross cash receipts and payments, offering a more straightforward view of a company’s cash flow from operational activities.

Indirect Method

A way to report cash flows from operating activities by starting with net income and adjusting for non-cash transactions.

Common Shares

Shares of ownership in a corporation that grant holders voting rights and a residual claim on the corporation's assets and earnings.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, including issuing debt, selling stock, or paying dividends.