Answer:
<em>Acquisition of a subsidiary on January 23, Year 2. Negotiations had begun in December of Year 1.</em>
Explanation:
An entity acknowledges <em>events that occurred in the financial reports which provide data on conditions that exist at the income statement date,</em> including calculations that are inherent in the preparation of the statement.
The holding company's sale did not take place until the end of the year.
Therefore, the transaction only included disclosure of the note, not acknowledgement in the statements.
I think the answer would be disabled and sick seamen. I'm not sure, but I Hope my answer will help.
Older workers are also more likely to become self-employed, with
small businesses or consulting work, some employers offer phased
retirement (called "bridge work"). The tendency for elderly
people to perceive, prefer, and remember positive images and experiences more
than negative ones.
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Answer:
GAAP
Explanation:
While many businesses assume that accountants are bound by generally accepted accounting practices (GAAP), and that these are inviolable, nothing could be further from reality. Everything is subject to interpretation, and GAAP is no exception. First, these practices allow the use of alternative accounting methods for certain expenses and for the income of certain specialized businesses. On the other hand, these methods require decisions about the time at which expenses and income are recorded, and require that the key factors be quantified. Deciding the time of income and expenses, and putting a definite value on these factors requires judgment, estimation and interpretation.
The GAAP statement prepared by the Standard Financial Accounting Council (CCFE) is now more than 1000 pages long. And that doesn't even include the rules and regulations implemented by the federal regulatory agency that has jurisdiction over the financial reports and accounting methods used by public businesses - the US Security and Exchange Commission (CSI).
