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Topic #1: Segment ReportingJust as a house has rooms, a company has departments. These can be internal or external. These departments may be significant enough to have individual investor impact. If this is the case, they must be reported.Now address the following questions regarding segment reporting:
I am also sending the second discussion to save money on fees.Topic #2: Interim Reporting
Although the common period in business is a year, sometimes business relationships require a period of less than a year. This calls for special accounting treatment.Respond to the following questions regarding interim reporting:
On December 31, 2010, the unadjusted balance in Prepaid Insurance was $4,800. This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1, 2010. The unadjusted balance in Insurance Expense w..
What is the Securities and Exchange Commission? How does it affect financial decision-making? What constraints might it put on the company?
on january 8th damien lawson transfers ownership of several pieces of office equipment to his new business jumpstart.
the happy day care center is considering an investment that will require an initial cash coutlay of 300000 to purchase
based on predicted production of 10000 units a company anticipates 168000 of fixed costs and 126000 of variable costs.
Moped, Inc. purchased machinery at a cost of $22,000 on January 1, 2011. The expected useful life is 5 years and the asset is expected to have salvage value of $2,000. Moped depreciates its assets via the double-declining balance method.
you work for a local construction firm devry engineering group and your supervisor wants to test your knowledge and
nyota corp sells two products. product a sells for 100 per unit and has unit variable costs of 60. product b sells for
organizations must follow gaap or ifrs with respect to financial accounting in order to provide accurate transparent
quantacc ltd. began operations on january 1 2011 and uses ifrs to prepare its consoliated financial statements.
chris like to save 30000 to send his son to college in 18 years. if he uses an account that averages a 9 r about how
Providers of the capital that they need.' Do you think that IASs/IFRSs will provide relevant and reliable information' that meets the needs of all financial statement uses in all countries?
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