Favorable and unfavorable trends and significant events

Assignment Help Finance Basics
Reference no: EM13826445

Problem:

1. I. The favorable and unfavorable trends and significant events or uncertainties in the areas of liquidity, capital resources, and the results o operations can all be found in the management discussion and analysis section of the annual report.

         II. Generally accepted accounting principles provide a measure of uniformity and do not allow discretion in the preparation of financial statements.

  1. Only Statement I is true.
  2. Only Statement II is true.
  3. Both Statements I and II are true.
  4. Both Statements I and II are false.

2. All of the following statements are false except:

  1. A significant change in 1998 eliminates the need for companies to report comprehensive income.
  2. Corporations must use straight-line depreciation.
  3. Using two sets of accounting rules - one for reporting purposes and one for tax purposes - is illegal.
  4. The globalization of business activity has resulted in the need for a set of accounting rules that would be uniform in all countries.

Additional Information:

This multiple questions belong to the Finance. The 1st and 2nd questions are about whether or not the two statements are true or false.

Reference no: EM13826445

Questions Cloud

Issues addressed by market analysis stage of media planning : Issues Addressed By Market Analysis Stage Of Media Planning
Indicators of manipulation of allowance for doubtful account : The manipulation of the allowance for doubtful accounts by management would be best indicated by:
Importance of government regulation of financial markets : The problem belongs to Economics and the problem is explains the importance of government regulation of financial markets and the subsequent effect on global financial crisis.
Persuasion matrix for improved promotional planning : Persuasion Matrix For Improved Promotional Planning
Favorable and unfavorable trends and significant events : The favorable and unfavorable trends and significant events or uncertainties in the areas of liquidity, capital resources, and the results o operations can all be found in the management discussion and analysis section of the annual report.
Compare kirton with popular view of creativity : Compare and contrast Kirton's view of creativity with the popular view of creativity, considering the implications of both views in practical settings
Stages in integrated communication planning model : Stages In Integrated Communication Planning Model
Critical appreciation of expansion plan of company : In modern strategic management accounting it is important to use appropriate performance measurements and control concepts, underpinned by theories and models applied in a variety of marketing settings and also to incorporate the inter-related nat..
How many different agents can be found : Show your reference at the end of your posting so that other readers can get more an in-depth knowledge in case they want to explore further. This also applies to other discussion threads.

Reviews

Write a Review

 

Finance Basics Questions & Answers

  Advantages and disadvantages of interest-sensitive gap

Advantages and disadvantages of interest-sensitive gap analysis, duration gap analysis. How to relieve the impact of principal limitations in each approach?

  What would the interest rate need to be on the tax-exempt

mark is in the 40 tax bracket. he is thinking of investing in taxable bonds that carry a 12 interest rate.a. what

  Calculate the expected value of unit sales

Myers Business Systems is estimating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given below:

  Computing quarterly installment of car loan

You need to borrow $65,000 for a new car. The annual interest rate is 12%, compounded quarterly. What is your quarterly payment? How much will you owe on the loan after you make the first payment?

  Rank projects using payback period which looks best and why

a firm is considering the following three investment projects. the firm doesnt want to make any investment that takes

  Reading published financial statements

Reading Published Financial Statements

  What is the internal rate of return on this project

Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $23 million and is expected to generate cash flows of $14,000,000, $11,750,000, and $6,350,000 over the next three years.

  What is the actual rate mr. miser is charging on his loans

Mr. Miser loans money at an annual rate of 16 percent. Interest is compounded daily. What is the actual rate Mr. Miser is charging on his loans?

  Federal reserve in adjusting the discount rate

What are the factors that would influence the Federal Reserve in adjusting the discount rate? How does the discount rate affect the decisions of banks in setting their specific interest rates?

  Business model for new division

Write a 1,400- to 1,750-word paper in which you explain the importance of innovation in your selected business's vision, mission, and values, and determine your business model for this new division. Include the following:

  How can the costs of preferred stock and debt be estimated

Assuming that there are no corporate income taxes, how can the costs of preferred stock and debt be estimated?

  Also consider the following as it relates to all three

select a virtual organization using the student website. assume your organization is privately held wants to expand

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd