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Black_prince [1.1K]
3 years ago
7

Companies are allowed to depart from the requirement that a change in accounting principle be reported retrospectively when: (Se

lect all that apply.)Check All That Applya) disclosure is made of the impact of the choice not to apply the change to the amounts reported in the financial statements.b) it is impracticable to determine some period-specific effects.c) it is impracticable to determine the cumulative effect of prior years.d) the prospective approach is mandated by authoritative accounting literature
Business
1 answer:
sweet [91]3 years ago
8 0

Answer:

b) it is impracticable to determine some period-specific effects.

c) it is impracticable to determine the cumulative effect of prior years.

Explanation:

According to the actual normativity these are the two options more consistent with the exercise.

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Answer:

D) $21.6B

Explanation:

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Market Capitalization = 360,000,000 shares x $60 price per share

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The executive leadership team of a large corporation is analyzing a report. The report's contents have information that can be u
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Question 1 Tamarisk Corporation issued 1,800 shares of $10 par value common stock upon conversion of 900 shares of $50 par value
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Answer:

The journal entries relating to the conversion of preferred stock to common stock are highlighted below:

Dr Preferred stock                                                 $45,000

Dr Paid-in capital in excess of par                        $9,900

Cr Common stock                                                                           $18,000

Cr Paid-in capital in excess(balancing figure)                                $36,900

Explanation:

Find in the attached the detailed computations of the amounts above.

Download xlsx
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When total utility starts to decrease, each additional song hurts MORE than the previous song.

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