Word Scramble for...FASB Statements 47-61Print |

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.
| Word Clue | 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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