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1 the treasurer of joan osborne co has heard that conservatism is a doctrine that is followed in accounting and
1 how are materialities and immateriality related to the proper presentation of financial statementsnbsp2 what factors
1 what are some of the costs of providing accounting information what are some of the benefits of accounting
1 in january 2005 alan jackson inc doubled the amount of its outstanding stock by selling on the market an additional
1 briefly describe the types of information concerning financial position income and cash flows that might be
1 statement of financial accounting concepts no 5 identifies four characteristics that an item must have before it is
1 three expense recognition methods associating cause and effect systematic and rational allocation and immediate
1 jane hull company paid 135000 for a machine in 2005 the accumulated depreciation account has a balance of 46500 at
1 what is the justification for the following deviations from recognizing revenue at the time of salea installment
1 what is the difference between realized and realizable give an example of where the concept of realizable is used to
1 magnus eatery operates a catering service specializing in business luncheons for large corporations magnus requires
1 when revenue is generally recognizednbsp2 why has that date been chosen as the point at which to recognize the
1 the chairman of the board of directors of the company for which you are chief accountant has told you that he has
1 what is the basic accounting problem created by the monetary unit assumption when there is significant inflation2
1 the life of a business is divided into specific time periods usually a year to measure results of operations for each
1 what are the four basic assumptions that underlie the financial accounting
1 revenues gains and investments by owners are all increases in net assets what are the distinctions among
1 expenses losses and distributions to owners are all decreases in net assets what are the distinctions among
1 why is it necessary to develop a definitional framework for the basic elements of
1 according to the fasb conceptual framework the objectives of financial reporting for business enterprises are based
1 what is meant by the term qualitative characteristics of accounting
1 what are the primary objectives of financial reporting as indicated in statement of financial accounting concepts no
1 what is a conceptual framework why is a conceptual framework necessary in financial
1 as a newly enrolled accounting major you are anxious to better understand accounting institutions and sources of
to achieve this unit a student mustapply relevant forecasting techniques to obtain information for decision