ACC 2022

4. The same accounting method should be used from period to period to provide meaningful trend comparability. What accounting principle is this?
7. Depreciation of Intangible Assets
10. Upon indicatiion of impairment loss, a company will need to estimate the ______ amount of the asset.
12. Share buyback is a contra-______ account.
13. Another term describing shares issued in lieu of dividend.
14. Recognise all expenses used to generate the income in the same period that the income are recognised. What principle is this?

1. ______ = Ending inventory + Purchases - Beginning inventory
2. ______ shares = issued shares - treasury shares
3. What does NSF check mean? ______ fund.
5. Share ______ causes the total outstanding shares to increase
6. We recognize PPE as an asset only if it is ______ that future economic benefits associated with the item will flow to the entity and the cost of the item can be measured reliably.
8. ______ shareholders are always the last to claim any assets.
9. Treasury shares are always recorded at ______.
11. What is the main difference between accrual-basis accounting and cash-basis accounting?