can someone please help me with these?

20. How are tangible long-lived assets acquisition cost and accumulated depreciation disclosed?

a.	Tangible long-lived assets typically appear under the title Property, Plant, and Equipment.
b.	Information is displayed on the balance sheet.
c.	Tangible long-lived assets typically appear under noncurrent assets.
d.	Acquisition cost and accumulated depreciation are omitted from the balance sheet but are detailed in the notes.
e.	all of the above

Clarion Realty

Clarion Realty has decided to construct its own office building. The construction will be partially financed through a construction loan and any remainder will be financed from internally generated funds. The internal accountants have collected the following information concerning the construction.

	Average Balance	Construction	Other
Year	Construction Account	Debt @ 6%	Debt @ 10%
1	$2,000,000	$1,000,000	$500,000
2	$4,000,000	$1,000,000	$250,000
3	$3,000,000	$800,000	$200,000

22. The amount, if any, of capitalized interest cost for Year 1 is

a.	$0
b.	$50,000
c.	$60,000
d.	$110,000
e.	$170,000

23. The amount, if any, of capitalized interest cost for Year 2 is

a.	$0
b.	$50,000
c.	$60,000
d.	$180,000
e.	$230,000

35. Assume the following long-term debt structure for Parton Stores:

Construction Loan at 5% on Building Under Construction . . . . . . . ..$2,000,000

Other Borrowings at 6% Average Rate . . . . . . . . . . . . . . . . . . . . . . . . .7,200,000

Total Long-Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $9,200,000

The account Building Under Construction has an average balance during the year of $6,000,000. Parton Stores bases the amount of interest capitalized on the new construction-related borrowing, $2,000,000, and enough of the other borrowing to bring the total to $6,000,000.

How much does Parton Stores capitalize interest on the new construction?

a.	$240,000
b.	$300,000
c.	$320,000
d.	$340,000
e.	$360,000

42. Depreciation is the accounting term used to refer to

a.	the periodic write-off of the acquisition cost of a tangible long-lived asset with a finite service life.
b.	the periodic write-off of the current fair market value of a tangible long-lived asset with a finite service life.
c.	the periodic write-off of the acquisition cost of an intangible long-lived asset with a finite service life.
d.	the periodic write-off of the current fair market value of a intangible long-lived asset with a finite service life.
e.	the periodic write-off of intangible assets.

43. Which of the following is/are true about goodwill?

a.	Goodwill reflects the value of knowledgeable employees.
b.	Goodwill reflects the value of a reputation for quality products.
c.	Under both U.S. GAAP and IFRS, goodwill has an indefinite life, and firms do not amortize the amount recognized as goodwill.
d.	Firms must test goodwill annually for a loss in value.
e.	all of the above

49. Which of the following is/are not true regarding the fair value of long-lived assets?

a.	U.S. GAAP does not permit firms to increase the balance sheet carrying values of tangible and intangible long-lived assets when the fair values of their assets increase.
b.	IFRS permits upward asset revaluations, the recognition of unrealized increases in the fair value of tangible and intangible long-lived assets under certain conditions.
c.	IFRS requires that firms credit the increase in the tangible and intangible revalued assets balance sheet carrying value to net income.
d.	U.S. GAAP firms recognize the increase in the fair value of the tangible and intangible asset only as the firm realizes the value increase through either sale or continuing use.
e.	all of the above

83. U.S. GAAP authoritative guidance requires that financial statements report depreciation charges based on _____ estimates; in practice, the _____ method is the most common.

a.	aggressive; straight-line (time)
b.	reasonable; straight-line (time)
c.	aggressive; straight-line (use)
d.	reasonable; straight-line (use)
e.	reasonable; accelerated

104. IFRS uses the idea of a disposal group, a group of assets and directly associated liabilities that a firm will dispose of as a group in a single transaction. The disposal group notion of IFRS envisions a larger unit than the component notion of U.S. GAAP. In the year that a firm decides to sell or otherwise dispose of a unit that qualifies as a(n) _____ it aggregates the assets and liabilities of that unit on the balance sheet into four groups: current assets, noncurrent assets, current liabilities, and noncurrent liabilities.

a.	continuing operation
b.	discontinued operation
c.	extraordinary gain or loss
d.	impaired operation
e.	paid-in-capital

105. Under U.S. GAAP, sometimes a firm sells or otherwise disposes of a major division or segment of its business during the year or contemplates its sale or disposal within a foreseeable time after the end of the accounting period. If so, it must disclose separately any income, gains, and losses related to that division or segment. The separate disclosure appears in the

a.	income from continuing operations.
b.	income, gains, and losses from discontinued operations.
c.	extraordinary gains and losses.
d.	retained earnings.
e.	paid-in-capital.