External-reporting purposes

Assignment Help Accounting Basics
Reference no: EM13125600

In the United States, about one in every four companies uses variable costing for internal reporting purposes. These companies must make adjustments to these reports for external-reporting purposes. Explain.

Reference no: EM13125600

Questions Cloud

What molar ratio of benzoate ion to benzoic acid be required : What molar ratio of benzoate ion to benzoic acid would be required to prepare a buffer with a pH of 5.20? [Ka(C6H5COOH) = 6.5 × 10-5]
Evaluate the alternatives from the perspective of amber : Amber, a publicly held corporation (not a TARP recipient), currently pays its president an annual salary of $900,000. In addition, it contributes $20,000 annually to a defined contribution pension plan for him.
Drag the flask and drop it on the lower half : Drag the flask and drop it on the lower half of the burette to connect them. Open the Data window and click on the flask. Click the Pushpin icon in the blue bar of the Data window to lock its display to the flask's contents.
Determining square roots of matrix : Let A be a positive definite matrix. Show that X has a unique positive square root. That is, show that there exists a unique positive matrix X such that X^2 =A.
External-reporting purposes : In the United States, about one in every four companies uses variable costing for internal reporting purposes. These companies must make adjustments to these reports for external-reporting purposes. Explain.
How you will relate the techniques to the contents : You are scheduled to present the results of your work on creating a new software program for your company.what memory techniques will you use in order to be free of too much dependence on notes and power point slides?be specific as to how you will re..
Elucidate the concept of net present value : Compute the net present value of the cash flows and the IRR for the project using the Excel spreadsheet formula. Elucidate the concept of Net Present Value.
Find the probability that winners are all men : 11 women and 9 men are the contestant in a competition. If 3 winners are ramdomly selected. what is the probability that they are all men?
Prepare the journal entries required in the capital projects : The township authorized a bond issue of $11 million for the construction of a pedestrian walkway as part of a downtown revitalization project. An additional $1 million of general revenues is to be used for the project. The authorization was record..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Contribution plan-defined benefti plan

From an employer's point of view, what is preferred a defined contribution plan or a defined benefit plan. What are the cash ramifications as well as reporting requirements?

  Determine the eliminating entries

Determine the eliminating entries necessary for the 20X9 consolidated financial statements. Provide correct eliminating entries necessary for the 20X9 consolidated financial statements.

  Investments in internetworking solutions

Cisco Systems, Inc., is the world's leading supplier of internetworking solutions targeted at corporate enterprise intranets and the internet. Using the instructions below, access Ciscos 2011 Annual Report.

  Floating exchange rate regime

Assume that the U.S. Congress imposes an raise in taxes. Under the floating exchange rate regime, carefully illustrate and describe the process that will generate a new goods market

  Conversion price of a bond

You own a bond with a face value of $10,000 and a conversion ratio of 450. What is the conversion price?

  Depreciation period used by the lessee

For a leased asset under a lease that qualifies as a capital lease, the depreciation period used by the lessee must be:

  Valuation by us gaap and ifrs

Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. In addition, briefly:

  Corporate annual report-nikon

Discuss the key factors that determined the company's financial performance during the year. Discuss what the primary assets held by the company are. Demonstrate how management portrays the internal control environment of NIKON.

  In what direction did the cost of purchases move

Quayle Corporation's inventory cost on its balance sheet was lower using first-in, first-out than it would have been using last-in, first-out. Assuming no beginning inventory, in what direction did the cost of purchases move during the period?

  Exchange of lands-taxation

Lab Kennels, Inc. and Wolman Developers have agreed to exchange two parcels of land and each will assume the other's mortgage on the parcel acquired. Lab owns 500 acres within city limits that has a value of $750,000 and a basis of $300,000.

  Straight-line amortization problem

The annual interest rate is 8%. What is the amount of taxable interest income that Karen should report for 2010, and the adjusted basis for the bonds at the end of 2010, assuming straight-line amortization is appropriate?

  Calculate sampling interval and sample size

The auditors wish to test the valuation of accounts receivable in the audit of Seaside Enterprises. The client has $5,000,000 of total recorded receivables, composed of 2500 accounts.

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