Answers - Accounting Riddles

Hi everyone!
Hope we ddnt have a hard time answering the riddles?

Here are the answers to the riddles:

1. IAS 18 - Revenue Recognition
2. Impairment
3. Statement of Cash flow
4a. SAS 14 - Accounting in the petroleum industry - Downstream Activities
  B. SAS 17 - Accounting in the petroleum industry - Upstream Activities
  C. SAS 25 - Telecommunication
5. Familiarity threat
6. Income taxes
7. Consolidation
8. Professional Competence & Due care
9. Last In First Out (LIFO)
10. Biological Assets
11. Salaries & Wages
12. Changes in accounting estimates
13. IAS 40 - Investment property
14. Break even point
15. Current Ratio

Now score yourself!

Have a nice day!