GAAP2024-02-14Auto Leasing2024-02-14 Report a question What's wrong with this question? You cannot submit an empty report. Please add some details. 12345678910 Commercial Property Advanced Business English practice 10 multiple-choice questions If you log in, you will get the results via email. Category: business-advanced 1. According to NAREIT (Yungmann and Taube, 2001), property insurance coverage should be based on fair value, i.e., valuing assets at their current market values — actual, if available, or .......... if not. previous comparative theoretical projected Category: business-advanced 2. Much of the fair value debate has had a technical focus on how to place fair values on assets for which no market values .......... . compare obtain apply exist Category: business-advanced 3. While the technical issues are important, the real driver should be improving .......... for users of financial statements. opacity translucency transparency redundancy Category: business-advanced 4. A single global standard will increase the .......... of financial presentations, which currently vary considerably. control consistency completeness comprehension Category: business-advanced 5. A comprehensive standard .......... comparability across all types of financial institutions. initiates legislates correlates facilitates Category: business-advanced 6. When accounting values for assets .......... from their underlying market values, some managements take uneconomic actions to protect accounting performance measures. distract divide diverge detract Category: business-advanced 7. For example, during the U.S. savings and loan crisis in the 1980s, many institutions .......... assets with market values above book and continued to hold assets with book values above market. underwrote sold off sold out wrote off Category: business-advanced 8. In hindsight, users of their financial statements were not well served by the accounting system .......... at the time. in place at hand on hold underway Category: business-advanced 9. Fair value .......... argue that measuring financial assets as close as possible to their true underlying economic values removes these perverse incentives. protocols propositions proponents presentations Category: business-advanced 10. Users would also benefit from a clearer picture of the economic .......... of the enterprise. health heart scene breath Your score is The average score is 0% LinkedIn Facebook Twitter Restart quiz Share0