
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. | The title of Statement of Financial Accounting Standards No. 94 (SFAS 94) begins with _____________ of All Majority-owned Subsidiaries. | TOILNOONSAIDC | CONSOLIDATION |
| 2. | SFAS 95 is entitled Statement of _______ Flows. | HASC | CASH |
| 3. | SFAS 97 pertains to this industry. | SCANENRUI | INSURANCE |
| 4. | SFAS 98 amends various statements dealing with __________. | SEALES | LEASES |
| 5. | SFAS 99 amends SFAS 93 by deferring the effective date for recognizing ________________ by not-for-profit organizations. | OPINETEDCARI | DEPRECIATION |
| 6. | SFAS 101 involves _______________ enterprises. | TRADELUGE | REGULATED |
| 7. | SFAS 102 amends SFAS 95 in the area of certain securities acquired for _________. | LEASER | RESALE |
| 8. | SFAS 104 amends SFAS 95 in the area of ____________ transactions. | GINDEGH | HEDGING |
| 9. | SFAS 106 is entitled Employers' Accounting for ___________________ Benefits Other Than Pensions. | MEREPENTTRITOS | POSTRETIREMENT |
| 10. | SFAS 107 is entitled Disclosures about Fair Value of Financial _____________. | EMITSTURNNS | INSTRUMENTS |
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