6. Accounting Income consists of the following except: a. Permanent Component b. sustainable earning power c. Transitory Component d. Value Irrelevant Component 7. The followings are motivations for business combination except: a. encouraging diversification b. rapidity in market entry c. achieving diseconomies of scale d. acquiring tax advantages 8. Resources or claims to resources that are expected to be sold, collected, or used within one year or the operating cycle, whichever is longer refer to: a. Current assets b. Current liabilities c. Non-current assets d. Non-current liabilities 9. agreement by the employer to provide pension benefits is: a. Pension Fund b. Vesting c. Defined contribution d. Pension Plan 10. means the information is confirmable a. Faithfulness b. Verifiability c. Neutrality d. Relevance