AICPA Released CPA Exam Questions FAR 2015

 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).
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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.
FAR 2015: Difficult 1