Question: 1. How do entry- and exit-value approaches differ?
2. How do measurement and calculation in accounting differ from each other- Give three examples of each.
3. How were the "holding gain" numbers in the December 31,2002, and 2003, balance sheets determined?
4. Are issues of costliness and timeliness as they pertain to accounting" standards part of accounting theory?
5. "Political factors are an adverse influence upon the accounting standard setting function." Discuss this statement.