FASB Statements 1-19

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.	Immediately preceding the FASB, official accounting pronouncements known as Opinions were issued by the Accounting ____________ Board.	SPLICERPIN	PRINCIPLES
2.	Statement of Financial Accounting Standards No. 2 (SFAS 2) was issued in 1974 and pertains to ___________ and development costs.	HERCARES	RESEARCH
3.	SFAS 3 is entitled Reporting Accounting Changes in _____________ Financial Statements—an Amendment of APB Opinion No. 28.	MRITENI	INTERIM
4.	SFAS 5 and SFAS 11 involve the accounting for gain and loss ___________________.	TENSINENOGCIC	CONTINGENCIES
5.	SFAS 6 is entitled Classification of Short-Term Obligations Expected to Be _____________--an amendment of ARB No. 43, Chapter 3A.	DINERFACEN	REFINANCED
6.	SFAS 7 involves the accounting and reporting of ________________ stage enterprises.	PEEVEDNOTLM	DEVELOPMENT
7.	SFAS 13 is entitled Accounting for ________.	ESALES	LEASES
8.	SFAS 15 provides the accounting for troubled debt ___________________.	GRETURSITRCUNS	RESTRUCTURINGS
9.	SFAS 16 is entitled Prior Period ___________________.	STUDJAMNEST	ADJUSTMENTS
10.	SFAS 19 and SFAS 25 provide accounting rules for oil and gas _______________ companies.	CROPDUING	PRODUCING

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