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8. On the balance sheet, noncurrent assets include all of the following subclassifications except a. Noncontrolling interest. b. Long-term investments. e. Other assets. d. Property,
8. On the balance sheet, noncurrent assets include all of the following subclassifications except a. Noncontrolling interest. b. Long-term investments. e. Other assets. d. Property, plant and equipment. 9. The Summary of Significant Accounting Policies financial statement footnote typically includes all of the following accounting policies except a. the basis of consolidation. b. significant inventory purchasing policies. c. the inventory pricing method used d. the depreciation methods used. 10. Taylor Construction builds custom homes. In accordance with the principle, Taylor includes information about the timing of revenue recognition in its notes to the financial statements. a. Investor information b. Measurement c. Revenue recognition d. Full disclosure 11. In a 10-K filing, how many balance sheets must a company present? a. One b. Two c. Three d. Four 12. Which of the following is typically a noncurrent (long-term) liability? a. Accounts payable b. Accrued liabilities c. Deferred (unearned) revenue d. Pension liabilities 13.Paid-in capital includes all of the following except: a. Common stock b. Preferred stock c. Treasury stock d. Paid-in capital in excess of par
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