the related A sset value B) Impaimment loss on PPE is measured by the excess of carrying value over the coverable value of the related asset. C) Impairment loss should be recognized and reporied in the income statement if the recoverable amount is less than the earrying value. D) A \& B E) A, B \& C are true. 4 24) Which of the following stateineat is the most true A) Bond will be sold at discount if the market rate of interest is higher than the stated rate on the bod. B) Bond will be sold at Premium if the market rate of interest is less than than the stated rate on the bod. C) if bod sold at discount interest expenses will be higher than interest payment. D) A & B E) A. B \& C are true. 25) Which of the following statement is the most true A) Both Trading securities and non- trading securities should be reported at fair value with unrealined gain or loss reported in the income statement. B) Held to collection securities should be reported at fair value with untealired gain or loss repoeted among ohher comprehensive income in the B/S. C) If sbort term securities are not traded in active market they should be reported at COST. D) A&B. E) Noee of the abode is true. 26) Which of the following statement is the most true A) In case on non-monctary exchange of PPE gain or loss should be recognized immediately if the transaction has coamercial substance. B) If the transaction does not have commercial substance gain resulted from nonmonetary exchange of PPE should be deferred however loss should be recognized immediately. C) Included unnecessary expenditure in the cost of PPE lesd to understatement of allocated depreciation during the entire asset' uscful life. D) A \& b E) All of the above statements are true. 27) Which of the following stateneat is the most true: A) In period of rising pricing FIFO lend to give higher value for inventory \& higher reported CFO than WA B) In period of rising pricing WA tend to give higher value for CGS\& lower income \& higher reported assets in the balance shect comparing to FHFO. C) Comparing to WA, LIFO always provide better matching of expenses with revenue. D) FIFO always provide more realistic value for invenory and assets in the balance sheet than WA. E) A \& B F) C \& D. G. None of the above. 28) whik of the following stateisest is ite mout treer: A) Unpaid dividends cumulative preferred stock usually reported as current liability in the B/S. B) Paid in capital include the amount of contributed capital plus Retained Eamings. C) Redeemable preferred stock should be riported as liabilities d) A \& B E) all of the above