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FASB Statements 109-118

The following questions pertain to Statements of Financial Standards (SFAS), which have been issued by the Financial Accounting Standards Board (FASB). You can read the FASB's official pronouncements at no cost on its website www.FASB.org/st.

NOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".

	Word Clue	Scrambled Answer	Unscrambled Answer
1.	Statement of Financial Accounting Standards No. 109 (SFAS 109) pertains to the accounting for _________ taxes.	NICMOE	INCOME
2.	SFAS 110 amends SFAS 35 for the reporting of investment _____________ by defined benefit pension plans.	TROSTACCN	CONTRACTS
3.	SFAS 111 is entitled ________________ of FASB Statement No. 32 and Technical Corrections.	ISNCSSERIOS	RESCISSIONS
4.	SFAS 112 amends SFAS 5 and SFAS 43 regarding _______________________ benefits.	PTLMYONEETOSMP	POSTEMPLOYMENT
5.	SFAS 113 is entitled Accounting and Reporting for ____________________ of Short-Duration and Long-Duration Contracts.	UNARSCERNEI	REINSURANCE
6.	SFAS 114 amends the accounting by _____________ for impairment of a loan.	TRICSODER	CREDITORS
7.	SFAS 115 is entitled Accounting for Certain Investments in Debt and ________ Securities.	UTIQYE	EQUITY
8.	SFAS 116 provides guidance for accounting for ___________________ received and made.	RUNIINOBSTTCO	CONTRIBUTIONS
9.	SFAS 117 is entitled Financial ______________ of Not-for-Profit Organizations.	NETATETSSM	STATEMENTS
10.	SFAS 118 amends SFAS 114 in the area of creditors' recognition and ________________ for impairment of a loan.	SUCELSISROD	DISCLOSURES

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