FASB Statements 47-61

The following questions pertain to Statements of Financial Accounting 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.

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. 47 (SFAS 47) is entitled Disclosures of Long-Term _______________.	ITOBGLISNOA	OBLIGATIONS
2.	SFAS 48 involves revenue recognition when the right of __________ exists.	RERNUT	RETURN
3.	SFAS 49 provides accounting guidance for ____________ financing arrangements.	TCROUPD	PRODUCT
4.	SFAS 50 is entitled _____________ Reporting in the Record and Music Industry.	NICLAFNIA	FINANCIAL
5.	SFAS 51 pertains to ________ television companies.	EACLB	CABLE
6.	SFAS 52 involves foreign currency __________________.	ANOTALIRNST	TRANSLATION
7.	SFAS 57 is entitled ____________ Party Disclosures.	DRETEAL	RELATED
8.	SFAS 58 involves the capitalization of interest involving investments accounted for under the _________ method.	UEYTQI	EQUITY
9.	SFAS 60 is entitled Accounting and Reporting by _______________ Enterprises.	ACNESNIRU	INSURANCE
10.	SFAS 61 is entitled Accounting for ________ Plant.	IELTT	TITLE

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