FAR 2015 AICPA Released Questions Testlet Level: Difficult (25 MCQ) Please Note: These questions are released to the CPA Review providers
with the letter answer only (i.e. no explanation given).
This document contains copyrighted material from the American Institute of
Certified Public Accountants and is licensed to NINJA CPA Review for use
by its customers only.
Answers are on Page 17.
1. Which of the following should be disclosed in a summary of significant
accounting policies?
Basis of consolidation.
Concentration of credit risk of financial instruments.
Composition of plant assets.
Adequacy of pension plan assets in relation to vested benefits.
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