Question

atdo eiors 2010 are deuaases manohtus net a노ets resul deti from incidental-Hal-Glas wth 1pnsns loS50s Peienves

Answer 1

Answer 1:

Correct answer is:

D) 2005

Explanation:

In 2005, there were 1195 restatements by US companies and 100 restatements by foreign private issuers with U.S.-listed stocks.

As such option D is correct and other options A, B and C are incorrect.

Answer 2:

Correct answer is:

C) Equity

Explanation:

Equity accounting is method of accounting followed in treating investment in associate companies post M&A when the investor holds significant influence over investee.

As such option C is correct and other options A, B and D are incorrect.

Answer 3:

Correct answer is:

A) Losses

Explanation:

Losses are decreases in net assets resulting from incidental transactions or non-operating activities and are not included with expenses.

As such option A is correct

Option B is incorrect as reserve does not result in decrease in net asset.

Option D is incorrect since shortage gets included in expenses.

Option C is incorrect as differences, if any, are reconciled.