Listed Below Are the Five Alternatives Identified by the FASB

question 72

Essay

Listed below are the five alternatives identified by the FASB for measuring balance sheet elements. Following the list is a series of balance sheet elements. a. historical cost
b. current replacement cost
c. fair value
d. net realizable value
e. present value

1.Receivables net of allowance for doubtful accounts

2.Prepaid expenses

3.Investment securities available for sale

4.Patents

5.Raw materials inventory adjusted downward to lower of cost or market

6.Capital lease obligations

7.Financial instruments

8.Property, plant, and equipment

9.Bonds payable

10.Trading securities


Required:
Match each measurement alternative to its balance sheet element by placing the appropriate letter in the space provided.

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Definitions:

Transformed Predicate

A grammatical structure where the predicate of a sentence is modified or changed to alter the way information is conveyed.

Predicate Nominative

A noun or pronoun that follows a linking verb and refers back to the subject of the sentence, identifying or renaming it.

Parallelism

The use of components in sentences that are grammatically the same or similar in their construction, sound, meaning, or meter.

Word Choices

The selection of specific words to convey meaning, tone, and style in written or spoken communication.