{"id":1303,"date":"2023-12-17T11:00:47","date_gmt":"2023-12-17T11:00:47","guid":{"rendered":"https:\/\/blog.topexamcollection.com\/?p=1303"},"modified":"2023-12-17T11:00:47","modified_gmt":"2023-12-17T11:00:47","slug":"versuchen-sie-kostenlos-und-beginnen-sie-sofort-mit-realistischen-verifizierten-finanzbuchhaltung-und-reporting-dumps-q44-q66","status":"publish","type":"post","link":"https:\/\/blog.topexamcollection.com\/de\/2023\/12\/try-free-and-start-using-realistic-verified-financial-accounting-and-reporting-dumps-instantly-q44-q66\/","title":{"rendered":"Try Free and Start Using Realistic Verified Financial-Accounting-and-Reporting Dumps Instantly [Q44-Q66]"},"content":{"rendered":"\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-left kksr-valign-top\"\n    data-payload='{&quot;align&quot;:&quot;left&quot;,&quot;id&quot;:&quot;1303&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;top&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;1&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;5&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;5\\\/5 - (1 vote)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;Try Free and Start Using Realistic Verified Financial-Accounting-and-Reporting Dumps Instantly [Q44-Q66]&quot;,&quot;width&quot;:&quot;142.5&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 142.5px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            5\/5 - (1 vote)    <\/div>\n    <\/div>\n<p><span style=\"color: red;font-size: 18px\"><strong>Try Free and Start Using Realistic Verified Financial-Accounting-and-Reporting Dumps Instantly<\/strong><\/span><\/p>\n<p><span style=\"color: red\"><strong>Financial-Accounting-and-Reporting Actual Questions &#8211; Instant Download 100 Questions<\/strong><\/span><\/p>\n<p><\/p>\n<p>The CPA Financial Accounting and Reporting exam is a globally recognized certification that is highly valued by employers in the accounting and finance industry. It is designed for professionals who want to advance their careers in accounting, finance, or related fields. Financial-Accounting-and-Reporting exam is a rigorous test of knowledge and skills, and candidates must be well prepared in order to pass. Financial-Accounting-and-Reporting exam is administered by CPA Australia, a professional accounting body that is recognized globally for its high standards of education and training.<\/p>\n<p>&nbsp;<\/p>\n<div id=\"watu_quiz\" class=\"quiz-area single-page-quiz\">\n<form action=\"\" method=\"post\" class=\"quiz-form \" id=\"quiz-613\" >\n<div class='watu-question' id='question-1'><div class='question-content'><p><strong>NO.44<\/strong> Which one of the following would be recognised in the statement of profit or loss and other comprehensive income?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11928' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46216' \/><div class='watu-question-choice'><input type='radio' name='answer-11928[]' id='answer-id-46216' class='answer answer-1 js-answer-label answerof-11928' value='46216' \/>&nbsp;<label for='answer-id-46216' id='answer-label-46216' class='js-answer-label answer label-1'><span class='answer'>inventory<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46217' \/><div class='watu-question-choice'><input type='radio' name='answer-11928[]' id='answer-id-46217' class='answer answer-1 php-answer-label answerof-11928' value='46217' \/>&nbsp;<label for='answer-id-46217' id='answer-label-46217' class='php-answer-label answer label-1'><span class='answer'>employee wages<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46218' \/><div class='watu-question-choice'><input type='radio' name='answer-11928[]' id='answer-id-46218' class='answer answer-1 js-answer-label answerof-11928' value='46218' \/>&nbsp;<label for='answer-id-46218' id='answer-label-46218' class='js-answer-label answer label-1'><span class='answer'>retained earnings<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46219' \/><div class='watu-question-choice'><input type='radio' name='answer-11928[]' id='answer-id-46219' class='answer answer-1 js-answer-label answerof-11928' value='46219' \/>&nbsp;<label for='answer-id-46219' id='answer-label-46219' class='js-answer-label answer label-1'><span class='answer'>prepayment of expenses<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(1,this)' id='btn-1' value='See Answer'  \/><input type='hidden' id='questionType1' value='radio' class=''><\/div><div class='watu-question' id='question-2'><div class='question-content'><p><strong>NO.45<\/strong> Which one of the following parties provides information to ensure that the financial statements show a true and fair view?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11929' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46220' \/><div class='watu-question-choice'><input type='radio' name='answer-11929[]' id='answer-id-46220' class='answer answer-2 js-answer-label answerof-11929' value='46220' \/>&nbsp;<label for='answer-id-46220' id='answer-label-46220' class='js-answer-label answer label-2'><span class='answer'>shareholders<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46221' \/><div class='watu-question-choice'><input type='radio' name='answer-11929[]' id='answer-id-46221' class='answer answer-2 js-answer-label answerof-11929' value='46221' \/>&nbsp;<label for='answer-id-46221' id='answer-label-46221' class='js-answer-label answer label-2'><span class='answer'>tax consultants<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46222' \/><div class='watu-question-choice'><input type='radio' name='answer-11929[]' id='answer-id-46222' class='answer answer-2 js-answer-label answerof-11929' value='46222' \/>&nbsp;<label for='answer-id-46222' id='answer-label-46222' class='js-answer-label answer label-2'><span class='answer'>financial Institutions<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46223' \/><div class='watu-question-choice'><input type='radio' name='answer-11929[]' id='answer-id-46223' class='answer answer-2 php-answer-label answerof-11929' value='46223' \/>&nbsp;<label for='answer-id-46223' id='answer-label-46223' class='php-answer-label answer label-2'><span class='answer'>directors of the company<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(2,this)' id='btn-2' value='See Answer'  \/><input type='hidden' id='questionType2' value='radio' class=''><\/div><div class='watu-question' id='question-3'><div class='question-content'><p><strong>NO.46<\/strong> The International Federation of Accountants (IFAC) was established by<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11930' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46224' \/><div class='watu-question-choice'><input type='radio' name='answer-11930[]' id='answer-id-46224' class='answer answer-3 js-answer-label answerof-11930' value='46224' \/>&nbsp;<label for='answer-id-46224' id='answer-label-46224' class='js-answer-label answer label-3'><span class='answer'>the United Nations.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46225' \/><div class='watu-question-choice'><input type='radio' name='answer-11930[]' id='answer-id-46225' class='answer answer-3 php-answer-label answerof-11930' value='46225' \/>&nbsp;<label for='answer-id-46225' id='answer-label-46225' class='php-answer-label answer label-3'><span class='answer'>various professional accounting bodies.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46226' \/><div class='watu-question-choice'><input type='radio' name='answer-11930[]' id='answer-id-46226' class='answer answer-3 js-answer-label answerof-11930' value='46226' \/>&nbsp;<label for='answer-id-46226' id='answer-label-46226' class='js-answer-label answer label-3'><span class='answer'>the International Accounting Standards Board.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46227' \/><div class='watu-question-choice'><input type='radio' name='answer-11930[]' id='answer-id-46227' class='answer answer-3 js-answer-label answerof-11930' value='46227' \/>&nbsp;<label for='answer-id-46227' id='answer-label-46227' class='js-answer-label answer label-3'><span class='answer'>the Organization for Economic Co-operation &amp; Development.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(3,this)' id='btn-3' value='See Answer'  \/><input type='hidden' id='questionType3' value='radio' class=''><\/div><div class='watu-question' id='question-4'><div class='question-content'><p><strong>NO.47<\/strong> Which one of the following describes the key advantage of the manual system of accounting?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11931' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46228' \/><div class='watu-question-choice'><input type='radio' name='answer-11931[]' id='answer-id-46228' class='answer answer-4 js-answer-label answerof-11931' value='46228' \/>&nbsp;<label for='answer-id-46228' id='answer-label-46228' class='js-answer-label answer label-4'><span class='answer'>The quality of output is not necessarily an issue.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46229' \/><div class='watu-question-choice'><input type='radio' name='answer-11931[]' id='answer-id-46229' class='answer answer-4 php-answer-label answerof-11931' value='46229' \/>&nbsp;<label for='answer-id-46229' id='answer-label-46229' class='php-answer-label answer label-4'><span class='answer'>A thorough understanding of the business can be gained through it.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46230' \/><div class='watu-question-choice'><input type='radio' name='answer-11931[]' id='answer-id-46230' class='answer answer-4 js-answer-label answerof-11931' value='46230' \/>&nbsp;<label for='answer-id-46230' id='answer-label-46230' class='js-answer-label answer label-4'><span class='answer'>Corrections are easily managed as updating or recreating the whole document is not difficult.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46231' \/><div class='watu-question-choice'><input type='radio' name='answer-11931[]' id='answer-id-46231' class='answer answer-4 js-answer-label answerof-11931' value='46231' \/>&nbsp;<label for='answer-id-46231' id='answer-label-46231' class='js-answer-label answer label-4'><span class='answer'>Processing is maintained at a reasonable speed even while dealing with large volumes of data.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(4,this)' id='btn-4' value='See Answer'  \/><input type='hidden' id='questionType4' value='radio' class=''><\/div><div class='watu-question' id='question-5'><div class='question-content'><p><strong>NO.48<\/strong> Which one of the following bodies makes accounting standards in Australia?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11932' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46232' \/><div class='watu-question-choice'><input type='radio' name='answer-11932[]' id='answer-id-46232' class='answer answer-5 js-answer-label answerof-11932' value='46232' \/>&nbsp;<label for='answer-id-46232' id='answer-label-46232' class='js-answer-label answer label-5'><span class='answer'>ASIC<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46233' \/><div class='watu-question-choice'><input type='radio' name='answer-11932[]' id='answer-id-46233' class='answer answer-5 js-answer-label answerof-11932' value='46233' \/>&nbsp;<label for='answer-id-46233' id='answer-label-46233' class='js-answer-label answer label-5'><span class='answer'>FRC<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46234' \/><div class='watu-question-choice'><input type='radio' name='answer-11932[]' id='answer-id-46234' class='answer answer-5 js-answer-label answerof-11932' value='46234' \/>&nbsp;<label for='answer-id-46234' id='answer-label-46234' class='js-answer-label answer label-5'><span class='answer'>IASB<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46235' \/><div class='watu-question-choice'><input type='radio' name='answer-11932[]' id='answer-id-46235' class='answer answer-5 php-answer-label answerof-11932' value='46235' \/>&nbsp;<label for='answer-id-46235' id='answer-label-46235' class='php-answer-label answer label-5'><span class='answer'>AASB<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(5,this)' id='btn-5' value='See Answer'  \/><input type='hidden' id='questionType5' value='radio' class=''><\/div><div class='watu-question' id='question-6'><div class='question-content'><p><strong>NO.49<\/strong> Which one of the following statements is correct about using judgement in the financial reporting process?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11933' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46236' \/><div class='watu-question-choice'><input type='radio' name='answer-11933[]' id='answer-id-46236' class='answer answer-6 js-answer-label answerof-11933' value='46236' \/>&nbsp;<label for='answer-id-46236' id='answer-label-46236' class='js-answer-label answer label-6'><span class='answer'>Accountants should not be allowed to use their own judgement.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46237' \/><div class='watu-question-choice'><input type='radio' name='answer-11933[]' id='answer-id-46237' class='answer answer-6 js-answer-label answerof-11933' value='46237' \/>&nbsp;<label for='answer-id-46237' id='answer-label-46237' class='js-answer-label answer label-6'><span class='answer'>A true and fair view cannot be assured if individual judgement is allowed.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46238' \/><div class='watu-question-choice'><input type='radio' name='answer-11933[]' id='answer-id-46238' class='answer answer-6 js-answer-label answerof-11933' value='46238' \/>&nbsp;<label for='answer-id-46238' id='answer-label-46238' class='js-answer-label answer label-6'><span class='answer'>Judgement can be allowed in the statement of comprehensive income but not in the statement of financial position.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46239' \/><div class='watu-question-choice'><input type='radio' name='answer-11933[]' id='answer-id-46239' class='answer answer-6 php-answer-label answerof-11933' value='46239' \/>&nbsp;<label for='answer-id-46239' id='answer-label-46239' class='php-answer-label answer label-6'><span class='answer'>Use of individual judgement is required to choose between alternative methods available within accounting standards.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(6,this)' id='btn-6' value='See Answer'  \/><input type='hidden' id='questionType6' value='radio' class=''><\/div><div class='watu-question' id='question-7'><div class='question-content'><p><strong>NO.50<\/strong> Which one of the following financial statements helps provide information about factors that might affect an entity&#8217;s liquidity or solvency?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11934' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46240' \/><div class='watu-question-choice'><input type='radio' name='answer-11934[]' id='answer-id-46240' class='answer answer-7 php-answer-label answerof-11934' value='46240' \/>&nbsp;<label for='answer-id-46240' id='answer-label-46240' class='php-answer-label answer label-7'><span class='answer'>statement of cash flows<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46241' \/><div class='watu-question-choice'><input type='radio' name='answer-11934[]' id='answer-id-46241' class='answer answer-7 js-answer-label answerof-11934' value='46241' \/>&nbsp;<label for='answer-id-46241' id='answer-label-46241' class='js-answer-label answer label-7'><span class='answer'>statement of changes in equity<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46242' \/><div class='watu-question-choice'><input type='radio' name='answer-11934[]' id='answer-id-46242' class='answer answer-7 js-answer-label answerof-11934' value='46242' \/>&nbsp;<label for='answer-id-46242' id='answer-label-46242' class='js-answer-label answer label-7'><span class='answer'>notes to the financial statements<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46243' \/><div class='watu-question-choice'><input type='radio' name='answer-11934[]' id='answer-id-46243' class='answer answer-7 js-answer-label answerof-11934' value='46243' \/>&nbsp;<label for='answer-id-46243' id='answer-label-46243' class='js-answer-label answer label-7'><span class='answer'>statement of profit or loss and other comprehensive income<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(7,this)' id='btn-7' value='See Answer'  \/><input type='hidden' id='questionType7' value='radio' class=''><\/div><div class='watu-question' id='question-8'><div class='question-content'><p><strong>NO.51<\/strong> The accounting policies used by companies must result in financial reports that are<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11935' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46244' \/><div class='watu-question-choice'><input type='radio' name='answer-11935[]' id='answer-id-46244' class='answer answer-8 js-answer-label answerof-11935' value='46244' \/>&nbsp;<label for='answer-id-46244' id='answer-label-46244' class='js-answer-label answer label-8'><span class='answer'>easy to read.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46245' \/><div class='watu-question-choice'><input type='radio' name='answer-11935[]' id='answer-id-46245' class='answer answer-8 js-answer-label answerof-11935' value='46245' \/>&nbsp;<label for='answer-id-46245' id='answer-label-46245' class='js-answer-label answer label-8'><span class='answer'>independently audited.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46246' \/><div class='watu-question-choice'><input type='radio' name='answer-11935[]' id='answer-id-46246' class='answer answer-8 js-answer-label answerof-11935' value='46246' \/>&nbsp;<label for='answer-id-46246' id='answer-label-46246' class='js-answer-label answer label-8'><span class='answer'>signed by the CEO or equivalent.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46247' \/><div class='watu-question-choice'><input type='radio' name='answer-11935[]' id='answer-id-46247' class='answer answer-8 php-answer-label answerof-11935' value='46247' \/>&nbsp;<label for='answer-id-46247' id='answer-label-46247' class='php-answer-label answer label-8'><span class='answer'>comparable with previous years&#8217; reports.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(8,this)' id='btn-8' value='See Answer'  \/><input type='hidden' id='questionType8' value='radio' class=''><\/div><div class='watu-question' id='question-9'><div class='question-content'><p><strong>NO.52<\/strong> Which one of the following statements is not correct in respect of manual accounting systems?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11936' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46248' \/><div class='watu-question-choice'><input type='radio' name='answer-11936[]' id='answer-id-46248' class='answer answer-9 php-answer-label answerof-11936' value='46248' \/>&nbsp;<label for='answer-id-46248' id='answer-label-46248' class='php-answer-label answer label-9'><span class='answer'>It is easy to make corrections.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46249' \/><div class='watu-question-choice'><input type='radio' name='answer-11936[]' id='answer-id-46249' class='answer answer-9 js-answer-label answerof-11936' value='46249' \/>&nbsp;<label for='answer-id-46249' id='answer-label-46249' class='js-answer-label answer label-9'><span class='answer'>They are bulky to store compared to computer systems.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46250' \/><div class='watu-question-choice'><input type='radio' name='answer-11936[]' id='answer-id-46250' class='answer answer-9 js-answer-label answerof-11936' value='46250' \/>&nbsp;<label for='answer-id-46250' id='answer-label-46250' class='js-answer-label answer label-9'><span class='answer'>Risk of error is greater and the quality of outputs is inferior.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46251' \/><div class='watu-question-choice'><input type='radio' name='answer-11936[]' id='answer-id-46251' class='answer answer-9 js-answer-label answerof-11936' value='46251' \/>&nbsp;<label for='answer-id-46251' id='answer-label-46251' class='js-answer-label answer label-9'><span class='answer'>Productivity in manual systems is lower than computer systems.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(9,this)' id='btn-9' value='See Answer'  \/><input type='hidden' id='questionType9' value='radio' class=''><\/div><div class='watu-question' id='question-10'><div class='question-content'><p><strong>NO.53<\/strong> A company sold some old operating equipment from its factory. After depreciation was accounted for, a small gain on sale was recorded. According to the revised IAS 1 Presentation of Financial Statements, this transaction will be shown as a separate item &#8216;gain on sale of equipment&#8217;. This item will be shown in the statement of<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11937' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46252' \/><div class='watu-question-choice'><input type='radio' name='answer-11937[]' id='answer-id-46252' class='answer answer-10 js-answer-label answerof-11937' value='46252' \/>&nbsp;<label for='answer-id-46252' id='answer-label-46252' class='js-answer-label answer label-10'><span class='answer'>cash flow.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46253' \/><div class='watu-question-choice'><input type='radio' name='answer-11937[]' id='answer-id-46253' class='answer answer-10 js-answer-label answerof-11937' value='46253' \/>&nbsp;<label for='answer-id-46253' id='answer-label-46253' class='js-answer-label answer label-10'><span class='answer'>financial position.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46254' \/><div class='watu-question-choice'><input type='radio' name='answer-11937[]' id='answer-id-46254' class='answer answer-10 js-answer-label answerof-11937' value='46254' \/>&nbsp;<label for='answer-id-46254' id='answer-label-46254' class='js-answer-label answer label-10'><span class='answer'>changes in equity.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46255' \/><div class='watu-question-choice'><input type='radio' name='answer-11937[]' id='answer-id-46255' class='answer answer-10 php-answer-label answerof-11937' value='46255' \/>&nbsp;<label for='answer-id-46255' id='answer-label-46255' class='php-answer-label answer label-10'><span class='answer'>comprehensive income.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(10,this)' id='btn-10' value='See Answer'  \/><input type='hidden' id='questionType10' value='radio' class=''><\/div><div class='watu-question' id='question-11'><div class='question-content'><p><strong>NO.54<\/strong> According to the IASB&#8217;s Conceptual Framework, the key reason general purpose financial statements are produced is to satisfy the information needs of<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11938' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46256' \/><div class='watu-question-choice'><input type='radio' name='answer-11938[]' id='answer-id-46256' class='answer answer-11 js-answer-label answerof-11938' value='46256' \/>&nbsp;<label for='answer-id-46256' id='answer-label-46256' class='js-answer-label answer label-11'><span class='answer'>employees.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46257' \/><div class='watu-question-choice'><input type='radio' name='answer-11938[]' id='answer-id-46257' class='answer answer-11 js-answer-label answerof-11938' value='46257' \/>&nbsp;<label for='answer-id-46257' id='answer-label-46257' class='js-answer-label answer label-11'><span class='answer'>management.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46258' \/><div class='watu-question-choice'><input type='radio' name='answer-11938[]' id='answer-id-46258' class='answer answer-11 js-answer-label answerof-11938' value='46258' \/>&nbsp;<label for='answer-id-46258' id='answer-label-46258' class='js-answer-label answer label-11'><span class='answer'>internal users.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46259' \/><div class='watu-question-choice'><input type='radio' name='answer-11938[]' id='answer-id-46259' class='answer answer-11 php-answer-label answerof-11938' value='46259' \/>&nbsp;<label for='answer-id-46259' id='answer-label-46259' class='php-answer-label answer label-11'><span class='answer'>capital providers.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(11,this)' id='btn-11' value='See Answer'  \/><input type='hidden' id='questionType11' value='radio' class=''><\/div><div class='watu-question' id='question-12'><div class='question-content'><p><strong>NO.55<\/strong> Which one of the following situations would result in either a new liability being recognised or an existing liability being increased?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11939' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46260' \/><div class='watu-question-choice'><input type='radio' name='answer-11939[]' id='answer-id-46260' class='answer answer-12 js-answer-label answerof-11939' value='46260' \/>&nbsp;<label for='answer-id-46260' id='answer-label-46260' class='js-answer-label answer label-12'><span class='answer'>A company pays only half of an overdue invoice.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46261' \/><div class='watu-question-choice'><input type='radio' name='answer-11939[]' id='answer-id-46261' class='answer answer-12 js-answer-label answerof-11939' value='46261' \/>&nbsp;<label for='answer-id-46261' id='answer-label-46261' class='js-answer-label answer label-12'><span class='answer'>A company establishes an asset revaluation reserve.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46262' \/><div class='watu-question-choice'><input type='radio' name='answer-11939[]' id='answer-id-46262' class='answer answer-12 php-answer-label answerof-11939' value='46262' \/>&nbsp;<label for='answer-id-46262' id='answer-label-46262' class='php-answer-label answer label-12'><span class='answer'>At the end of the reporting period, there are unpaid wages.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46263' \/><div class='watu-question-choice'><input type='radio' name='answer-11939[]' id='answer-id-46263' class='answer answer-12 js-answer-label answerof-11939' value='46263' \/>&nbsp;<label for='answer-id-46263' id='answer-label-46263' class='js-answer-label answer label-12'><span class='answer'>A company recognises the depreciation expense for the current period.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(12,this)' id='btn-12' value='See Answer'  \/><input type='hidden' id='questionType12' value='radio' class=''><\/div><div class='watu-question' id='question-13'><div class='question-content'><p><strong>NO.56<\/strong> A company&#8217;s financial report is compliant with International Financial Reporting Standards. Where in the report would an investor find the amount of money received by the company for investment activities?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11940' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46264' \/><div class='watu-question-choice'><input type='radio' name='answer-11940[]' id='answer-id-46264' class='answer answer-13 php-answer-label answerof-11940' value='46264' \/>&nbsp;<label for='answer-id-46264' id='answer-label-46264' class='php-answer-label answer label-13'><span class='answer'>statement of cash flows<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46265' \/><div class='watu-question-choice'><input type='radio' name='answer-11940[]' id='answer-id-46265' class='answer answer-13 js-answer-label answerof-11940' value='46265' \/>&nbsp;<label for='answer-id-46265' id='answer-label-46265' class='js-answer-label answer label-13'><span class='answer'>statement of financial position<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46266' \/><div class='watu-question-choice'><input type='radio' name='answer-11940[]' id='answer-id-46266' class='answer answer-13 js-answer-label answerof-11940' value='46266' \/>&nbsp;<label for='answer-id-46266' id='answer-label-46266' class='js-answer-label answer label-13'><span class='answer'>statement of changes in equity<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46267' \/><div class='watu-question-choice'><input type='radio' name='answer-11940[]' id='answer-id-46267' class='answer answer-13 js-answer-label answerof-11940' value='46267' \/>&nbsp;<label for='answer-id-46267' id='answer-label-46267' class='js-answer-label answer label-13'><span class='answer'>statement of comprehensive income<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(13,this)' id='btn-13' value='See Answer'  \/><input type='hidden' id='questionType13' value='radio' class=''><\/div><div class='watu-question' id='question-14'><div class='question-content'><p><strong>NO.57<\/strong> Which one of the following bases of measurement is used to implement an approach to capital maintenance based on maintaining the operating capability of a business?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11941' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46268' \/><div class='watu-question-choice'><input type='radio' name='answer-11941[]' id='answer-id-46268' class='answer answer-14 js-answer-label answerof-11941' value='46268' \/>&nbsp;<label for='answer-id-46268' id='answer-label-46268' class='js-answer-label answer label-14'><span class='answer'>fair value<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46269' \/><div class='watu-question-choice'><input type='radio' name='answer-11941[]' id='answer-id-46269' class='answer answer-14 js-answer-label answerof-11941' value='46269' \/>&nbsp;<label for='answer-id-46269' id='answer-label-46269' class='js-answer-label answer label-14'><span class='answer'>current value<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46270' \/><div class='watu-question-choice'><input type='radio' name='answer-11941[]' id='answer-id-46270' class='answer answer-14 php-answer-label answerof-11941' value='46270' \/>&nbsp;<label for='answer-id-46270' id='answer-label-46270' class='php-answer-label answer label-14'><span class='answer'>deprival value<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46271' \/><div class='watu-question-choice'><input type='radio' name='answer-11941[]' id='answer-id-46271' class='answer answer-14 js-answer-label answerof-11941' value='46271' \/>&nbsp;<label for='answer-id-46271' id='answer-label-46271' class='js-answer-label answer label-14'><span class='answer'>current purchasing power<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(14,this)' id='btn-14' value='See Answer'  \/><input type='hidden' id='questionType14' value='radio' class=''><\/div><div class='watu-question' id='question-15'><div class='question-content'><p><strong>NO.58<\/strong> The concept of transparency in corporate governance means that listed companies should disclose<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11942' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46272' \/><div class='watu-question-choice'><input type='radio' name='answer-11942[]' id='answer-id-46272' class='answer answer-15 js-answer-label answerof-11942' value='46272' \/>&nbsp;<label for='answer-id-46272' id='answer-label-46272' class='js-answer-label answer label-15'><span class='answer'>their future strategy.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46273' \/><div class='watu-question-choice'><input type='radio' name='answer-11942[]' id='answer-id-46273' class='answer answer-15 js-answer-label answerof-11942' value='46273' \/>&nbsp;<label for='answer-id-46273' id='answer-label-46273' class='js-answer-label answer label-15'><span class='answer'>confidential issues relating to competitors.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46274' \/><div class='watu-question-choice'><input type='radio' name='answer-11942[]' id='answer-id-46274' class='answer answer-15 php-answer-label answerof-11942' value='46274' \/>&nbsp;<label for='answer-id-46274' id='answer-label-46274' class='php-answer-label answer label-15'><span class='answer'>material information that affects decisions.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46275' \/><div class='watu-question-choice'><input type='radio' name='answer-11942[]' id='answer-id-46275' class='answer answer-15 js-answer-label answerof-11942' value='46275' \/>&nbsp;<label for='answer-id-46275' id='answer-label-46275' class='js-answer-label answer label-15'><span class='answer'>only mandatory information by management.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(15,this)' id='btn-15' value='See Answer'  \/><input type='hidden' id='questionType15' value='radio' class=''><\/div><div class='watu-question' id='question-16'><div class='question-content'><p><strong>NO.59<\/strong> The body that is part of the international standard-setting framework reporting to the International Financial Reporting Standards Foundation (IFRS Foundation) is the<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11943' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46276' \/><div class='watu-question-choice'><input type='radio' name='answer-11943[]' id='answer-id-46276' class='answer answer-16 js-answer-label answerof-11943' value='46276' \/>&nbsp;<label for='answer-id-46276' id='answer-label-46276' class='js-answer-label answer label-16'><span class='answer'>International Accounting Board.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46277' \/><div class='watu-question-choice'><input type='radio' name='answer-11943[]' id='answer-id-46277' class='answer answer-16 js-answer-label answerof-11943' value='46277' \/>&nbsp;<label for='answer-id-46277' id='answer-label-46277' class='js-answer-label answer label-16'><span class='answer'>Centre on Transnational Corporations.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46278' \/><div class='watu-question-choice'><input type='radio' name='answer-11943[]' id='answer-id-46278' class='answer answer-16 php-answer-label answerof-11943' value='46278' \/>&nbsp;<label for='answer-id-46278' id='answer-label-46278' class='php-answer-label answer label-16'><span class='answer'>International Accounting Standards Board.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46279' \/><div class='watu-question-choice'><input type='radio' name='answer-11943[]' id='answer-id-46279' class='answer answer-16 js-answer-label answerof-11943' value='46279' \/>&nbsp;<label for='answer-id-46279' id='answer-label-46279' class='js-answer-label answer label-16'><span class='answer'>International Accounting Standards Committee.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(16,this)' id='btn-16' value='See Answer'  \/><input type='hidden' id='questionType16' value='radio' class=''><\/div><div class='watu-question' id='question-17'><div class='question-content'><p><strong>NO.60<\/strong> Which one of these concepts suggests that stock prices react to new information almost instantly?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11944' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46280' \/><div class='watu-question-choice'><input type='radio' name='answer-11944[]' id='answer-id-46280' class='answer answer-17 js-answer-label answerof-11944' value='46280' \/>&nbsp;<label for='answer-id-46280' id='answer-label-46280' class='js-answer-label answer label-17'><span class='answer'>market power<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46281' \/><div class='watu-question-choice'><input type='radio' name='answer-11944[]' id='answer-id-46281' class='answer answer-17 php-answer-label answerof-11944' value='46281' \/>&nbsp;<label for='answer-id-46281' id='answer-label-46281' class='php-answer-label answer label-17'><span class='answer'>efficient market<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46282' \/><div class='watu-question-choice'><input type='radio' name='answer-11944[]' id='answer-id-46282' class='answer answer-17 js-answer-label answerof-11944' value='46282' \/>&nbsp;<label for='answer-id-46282' id='answer-label-46282' class='js-answer-label answer label-17'><span class='answer'>bargaining power<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46283' \/><div class='watu-question-choice'><input type='radio' name='answer-11944[]' id='answer-id-46283' class='answer answer-17 js-answer-label answerof-11944' value='46283' \/>&nbsp;<label for='answer-id-46283' id='answer-label-46283' class='js-answer-label answer label-17'><span class='answer'>incentive substitution<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(17,this)' id='btn-17' value='See Answer'  \/><input type='hidden' id='questionType17' value='radio' class=''><\/div><div class='watu-question' id='question-18'><div class='question-content'><p><strong>NO.61<\/strong> In individual countries, Generally Accepted Accounting Principles (GAAP) is primarily a combination of<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11945' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46284' \/><div class='watu-question-choice'><input type='radio' name='answer-11945[]' id='answer-id-46284' class='answer answer-18 js-answer-label answerof-11945' value='46284' \/>&nbsp;<label for='answer-id-46284' id='answer-label-46284' class='js-answer-label answer label-18'><span class='answer'>national company law and national accounting standards.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46285' \/><div class='watu-question-choice'><input type='radio' name='answer-11945[]' id='answer-id-46285' class='answer answer-18 js-answer-label answerof-11945' value='46285' \/>&nbsp;<label for='answer-id-46285' id='answer-label-46285' class='js-answer-label answer label-18'><span class='answer'>national company law and local stock exchange requirements.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46286' \/><div class='watu-question-choice'><input type='radio' name='answer-11945[]' id='answer-id-46286' class='answer answer-18 php-answer-label answerof-11945' value='46286' \/>&nbsp;<label for='answer-id-46286' id='answer-label-46286' class='php-answer-label answer label-18'><span class='answer'>national company law, national accounting standards and local stock exchange requirements.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46287' \/><div class='watu-question-choice'><input type='radio' name='answer-11945[]' id='answer-id-46287' class='answer answer-18 js-answer-label answerof-11945' value='46287' \/>&nbsp;<label for='answer-id-46287' id='answer-label-46287' class='js-answer-label answer label-18'><span class='answer'>company law, accounting standards, local stock exchange requirements and international accounting standards.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(18,this)' id='btn-18' value='See Answer'  \/><input type='hidden' id='questionType18' value='radio' class=''><\/div><div class='watu-question' id='question-19'><div class='question-content'><p><strong>NO.62<\/strong> Which of the following are the stated objectives of the International Accounting Standards Board (IASB)?<br \/>I)Enforce accounting standards.<br \/>II)Develop accounting standards.<br \/>III)Work for convergence of accounting standards.<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11946' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46288' \/><div class='watu-question-choice'><input type='radio' name='answer-11946[]' id='answer-id-46288' class='answer answer-19 js-answer-label answerof-11946' value='46288' \/>&nbsp;<label for='answer-id-46288' id='answer-label-46288' class='js-answer-label answer label-19'><span class='answer'>I only<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46289' \/><div class='watu-question-choice'><input type='radio' name='answer-11946[]' id='answer-id-46289' class='answer answer-19 js-answer-label answerof-11946' value='46289' \/>&nbsp;<label for='answer-id-46289' id='answer-label-46289' class='js-answer-label answer label-19'><span class='answer'>I and II only<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46290' \/><div class='watu-question-choice'><input type='radio' name='answer-11946[]' id='answer-id-46290' class='answer answer-19 php-answer-label answerof-11946' value='46290' \/>&nbsp;<label for='answer-id-46290' id='answer-label-46290' class='php-answer-label answer label-19'><span class='answer'>II and III only<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46291' \/><div class='watu-question-choice'><input type='radio' name='answer-11946[]' id='answer-id-46291' class='answer answer-19 js-answer-label answerof-11946' value='46291' \/>&nbsp;<label for='answer-id-46291' id='answer-label-46291' class='js-answer-label answer label-19'><span class='answer'>III only<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(19,this)' id='btn-19' value='See Answer'  \/><input type='hidden' id='questionType19' value='radio' class=''><\/div><div class='watu-question' id='question-20'><div class='question-content'><p><strong>NO.63<\/strong> Which one of the following is not an advantage of accounting regulation?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11947' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46292' \/><div class='watu-question-choice'><input type='radio' name='answer-11947[]' id='answer-id-46292' class='answer answer-20 js-answer-label answerof-11947' value='46292' \/>&nbsp;<label for='answer-id-46292' id='answer-label-46292' class='js-answer-label answer label-20'><span class='answer'>It provides quality of information in and across financial statements.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46293' \/><div class='watu-question-choice'><input type='radio' name='answer-11947[]' id='answer-id-46293' class='answer answer-20 php-answer-label answerof-11947' value='46293' \/>&nbsp;<label for='answer-id-46293' id='answer-label-46293' class='php-answer-label answer label-20'><span class='answer'>It provides flexibility in the way accounting information is presented to users.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46294' \/><div class='watu-question-choice'><input type='radio' name='answer-11947[]' id='answer-id-46294' class='answer answer-20 js-answer-label answerof-11947' value='46294' \/>&nbsp;<label for='answer-id-46294' id='answer-label-46294' class='js-answer-label answer label-20'><span class='answer'>It provides the required accounting information to all necessary shareholders.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46295' \/><div class='watu-question-choice'><input type='radio' name='answer-11947[]' id='answer-id-46295' class='answer answer-20 js-answer-label answerof-11947' value='46295' \/>&nbsp;<label for='answer-id-46295' id='answer-label-46295' class='js-answer-label answer label-20'><span class='answer'>It instils public confidence in the accounting system employed in commerce and industry.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(20,this)' id='btn-20' value='See Answer'  \/><input type='hidden' id='questionType20' value='radio' class=''><\/div><div class='watu-question' id='question-21'><div class='question-content'><p><strong>NO.64<\/strong> Which one of the following statements is correct?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11948' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46296' \/><div class='watu-question-choice'><input type='radio' name='answer-11948[]' id='answer-id-46296' class='answer answer-21 js-answer-label answerof-11948' value='46296' \/>&nbsp;<label for='answer-id-46296' id='answer-label-46296' class='js-answer-label answer label-21'><span class='answer'>Liabilities are future obligations that will cause outflow of resources embodying economic benefits.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46297' \/><div class='watu-question-choice'><input type='radio' name='answer-11948[]' id='answer-id-46297' class='answer answer-21 php-answer-label answerof-11948' value='46297' \/>&nbsp;<label for='answer-id-46297' id='answer-label-46297' class='php-answer-label answer label-21'><span class='answer'>Current and non-current assets are shown as separate classifications in the statement of financial position.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46298' \/><div class='watu-question-choice'><input type='radio' name='answer-11948[]' id='answer-id-46298' class='answer answer-21 js-answer-label answerof-11948' value='46298' \/>&nbsp;<label for='answer-id-46298' id='answer-label-46298' class='js-answer-label answer label-21'><span class='answer'>Assets used for long-term operations are shown under working capital in the statement of financial position.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46299' \/><div class='watu-question-choice'><input type='radio' name='answer-11948[]' id='answer-id-46299' class='answer answer-21 js-answer-label answerof-11948' value='46299' \/>&nbsp;<label for='answer-id-46299' id='answer-label-46299' class='js-answer-label answer label-21'><span class='answer'>A statement of financial position explains the reasons for movement of assets and liabilities through the accounting period.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(21,this)' id='btn-21' value='See Answer'  \/><input type='hidden' id='questionType21' value='radio' class=''><\/div><div class='watu-question' id='question-22'><div class='question-content'><p><strong>NO.65<\/strong> Which accounting theory is best described by the statement &#8216;An approach to accounting is one where a theory is thought of as a body of knowledge that explains and attempts to predict actual accounting practice&#8217;?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11949' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46300' \/><div class='watu-question-choice'><input type='radio' name='answer-11949[]' id='answer-id-46300' class='answer answer-22 js-answer-label answerof-11949' value='46300' \/>&nbsp;<label for='answer-id-46300' id='answer-label-46300' class='js-answer-label answer label-22'><span class='answer'>general accounting theory<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46301' \/><div class='watu-question-choice'><input type='radio' name='answer-11949[]' id='answer-id-46301' class='answer answer-22 php-answer-label answerof-11949' value='46301' \/>&nbsp;<label for='answer-id-46301' id='answer-label-46301' class='php-answer-label answer label-22'><span class='answer'>positive accounting theory<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46302' \/><div class='watu-question-choice'><input type='radio' name='answer-11949[]' id='answer-id-46302' class='answer answer-22 js-answer-label answerof-11949' value='46302' \/>&nbsp;<label for='answer-id-46302' id='answer-label-46302' class='js-answer-label answer label-22'><span class='answer'>normative accounting theory<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46303' \/><div class='watu-question-choice'><input type='radio' name='answer-11949[]' id='answer-id-46303' class='answer answer-22 js-answer-label answerof-11949' value='46303' \/>&nbsp;<label for='answer-id-46303' id='answer-label-46303' class='js-answer-label answer label-22'><span class='answer'>historical cost accounting theory<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(22,this)' id='btn-22' value='See Answer'  \/><input type='hidden' id='questionType22' value='radio' class=''><\/div><div class='watu-question' id='question-23'><div class='question-content'><p><strong>NO.66<\/strong> A decrease in assets is most likely to be recognised in the financial report as<\/p>\n<\/div><input type='hidden' name='question_id[]' value='11950' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46304' \/><div class='watu-question-choice'><input type='radio' name='answer-11950[]' id='answer-id-46304' class='answer answer-23 js-answer-label answerof-11950' value='46304' \/>&nbsp;<label for='answer-id-46304' id='answer-label-46304' class='js-answer-label answer label-23'><span class='answer'>a liability.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46305' \/><div class='watu-question-choice'><input type='radio' name='answer-11950[]' id='answer-id-46305' class='answer answer-23 php-answer-label answerof-11950' value='46305' \/>&nbsp;<label for='answer-id-46305' id='answer-label-46305' class='php-answer-label answer label-23'><span class='answer'>an expense.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46306' \/><div class='watu-question-choice'><input type='radio' name='answer-11950[]' id='answer-id-46306' class='answer answer-23 js-answer-label answerof-11950' value='46306' \/>&nbsp;<label for='answer-id-46306' id='answer-label-46306' class='js-answer-label answer label-23'><span class='answer'>revenue earned.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='46307' \/><div class='watu-question-choice'><input type='radio' name='answer-11950[]' id='answer-id-46307' class='answer answer-23 js-answer-label answerof-11950' value='46307' \/>&nbsp;<label for='answer-id-46307' id='answer-label-46307' class='js-answer-label answer label-23'><span class='answer'>a change in equity.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' 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