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Q. Define Non-operating revenues?
Non-operating revenues or other revenues and non-operating expenses or other expenses are revenues and expenses not related to the sale of products or services regularly offered for sale by a business. An instance of non-operating revenue is interest that a business earns on notes receivable. An instance of a non-operating expense is interest incurred on money borrowed by the company.
A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions and reque
Q. What do you mean by Risk management contracts? In the normal course of business the Company utilizes a variety of off-balance-sheet financial instruments to manage its expos
How do you do journal entries for an item bought on credit and then later returned and the total selling price was 4,275.
Q. Gain and loss recognition principle? The gain and loss recognition principle states that we record gains merely when realized but losses when they first become evident. Ther
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Q. Explain about closing process? Expense, revenue and dividends accounts are nominal (temporary) accounts that are merely sub classifications of a real (permanent) account Ret
What is a limitation of the use of accounting information that is totally outside the entity's control? A changes in legal reporting requirements B changes in inventory valua
Of the two, who is the ____ , Marie Antoinette or Anne Boleyn? (Points : 2) more famous most famous famouser Question 3. 3. The traffic where we live is _____
What is Post closing trial balance This statement would only show permanent accounts with a balance; all temporary accounts must have a zero balance. Credits and Debits must ba
how to make adjusting entries
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