User Account

All Pages

Disclosed to external parties and management

Assignment Help Financial Accounting
Reference no: EM132420242

When merchandisers and manufacturers prepare income statements for their annual reports to shareholders, they usually begin the statement with net sales. For internal reporting purposes, however, the income statements will show gross sales and the related contra-renevue accounts of sales returns and allowances and sales discounts. What might explain the difference I'm the financial information disclosed to external parties and management? Do you consider the more limited disclosure in the annual reports to be inconsistent with the full disclosure principal?

Reference no: EM132420242

Questions Cloud

What is the maximum price coleman should pay for equipment : What is the maximum price Coleman should pay for this equipment? (Round answer to 2 decimal places, e.g. 25.25.)
How do you plan your social media strategy : How do you plan your social media strategy we are managing blogs for by social media activist, they share their personal views and points about growing social
Describe the organization that you have researched : In your initial post, describe the organization that you have researched, defining their marketing mix and strategy as gathered from their website
What is the amount of dividends common shareholders : What is the amount of dividends common shareholders will receive in 2018?
Disclosed to external parties and management : When merchandisers and manufacturers prepare income statements for their annual reports to shareholders, they usually begin the statement
Prepare the recording entry : March 1: L&S sold $10,000 of computers. The customer used a VISA credit card. The net cash from sales is immediately deposited
Should neptune launch a mass-market brand : Should Neptune launch a mass-market brand?
James baldwin and the civil rights movement : The topic is James Baldwin and the Civil Rights Movement. An introduction leading up to the main point or thesis of the paper.
Create a business card with all logos : You need to create a business card with all logos and white blank is for it This business card is for a special customers that will given during an exhibition

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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