
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. 62 (SFAS 62) pertains to the capitalization of interest involving certain tax-exempt _______________, gifts and grants. | IGROWNROBS | BORROWINGS |
| 2. | SFAS 63 is entitled Financial Reporting by _____________________. | STORESCABARD | BROADCASTERS |
| 3. | SFAS 65 involves certain ____________ banking activities. | GERMGOTA | MORTGAGE |
| 4. | SFAS 66 pertains to ________ of real estate. | ELASS | SALES |
| 5. | SFAS 67 is entitled Accounting for Costs and Initial ___________ Operations of Real Estate Projects. | TARELN | RENTAL |
| 6. | SFAS 68 is entitled Research and Development _________________. | GRANTMEANERS | ARRANGEMENTS |
| 7. | SFAS 69 involves _______________ about oil and gas producing activities. | RESCUSOLIDS | DISCLOSURES |
| 8. | SFAS 71 pertains to certain types of __________________. | TONGALERIU | REGULATION |
| 9. | SFAS 72 provides guidance in the ________________ of banking or thrift institutions. | QUITACIONSI | ACQUISITION |
| 10. | SFAS 73 involves the accounting for ______________ track structures. | LIARDRAO | RAILROAD |
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