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Andre45 [30]
3 years ago
15

Indicate whether the above items should be disclosed (A) in the summary of significant accounting policies note, (B) in a separa

te disclosure note, or (C) on the face of the balance sheet.
Business
1 answer:
Drupady [299]3 years ago
6 0

Answer:

(A) in the summary of significant accounting policies.

Explanation:

It has the company's financial statements and also describes the key policies that are being followed by the accounting department. This policy summary is mandated by the accounting framework like IFRS or GAAP.

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Mini-Case: Read the mini case and answer the questions that follow. Suppose the local Honda dealership is offering a special lea
ASHA 777 [7]

Answer:

It would take 36 months

Explanation:

Based on the information given we were told that the dealership offers to lease the Honda Accord for 36 months which means that if Nigel have make a choice to lease the Accord by entering into a contract with the dealership after which the lease amount is paid by Nigel each month for 36 months in a situation were the contract terms cannot be possibly carried out within a year, Based on the terms of this contract between Nigel and the Honda dealership the performance of the contract would take 36 months because the Honda Accord lease deal is 36 months and secondly the lease payment is made every month for 36 months.

8 0
3 years ago
You consider buying a share of stock at a price of $24. The stock is expected to pay a dividend of $1.32 next year, and your adv
Blababa [14]

Answer:

2%

Explanation:

Actual return = [(Dividend + Capital gain) / Purchase price] * 100

= [($1.32 + $27 - $24) / $24] * 100

= 18%

Expected return = rf + Beta*(E(rm) - rf)

= 10% + 0.6*(20% - 10%)

= 16%

Abnormal return = Actual return - Expected return

Abnormal return = 18% - 16%

Abnormal return = 2%

5 0
2 years ago
Which is the largest source of tax revenue in the united states?
Snezhnost [94]

Answer:

Individual income taxes.

Explanation:

This has been the largest single source of federal revenue since 1950.

3 0
2 years ago
For each of the following cases, state whether the statement is true for LIFO or for FIFO. Assume that prices are rising. (a) se
pishuonlain [190]

Answer:  D. select a method results in lower taxes. (e) select a method results in lower net cash provided by operating activities

Explanation: Statement for LIFO and FIFO are rising definitely the organisation would want to reduce its taxes to significant amount and its operating activities would be checked during this period because it boils down to the price at which the product is being manufactured and sold out  to the different customers that buys the company good. Last in first out and first in First out.  This rule is used in  warehousing and  inventory management.

3 0
3 years ago
Westside, Inc. owns 15% of Innsbrook's common stock. This year, Westside generated $50,000 operating income and received $20,000
IgorLugansk [536]

Answer:

a. $56.000

Explanation:

Westside is entitled to a 70% DRD, so income is $70.000 - $14.000 DRD.

<em>What is DRD? The dividends received deduction (DRD) is a federal tax deduction in the U.S. that is given to certain corporations that get dividends from related entities. The amount of the dividend that a company can deduct from its income tax is tied to how much ownership the company has in the dividend-paying company.</em>

4 0
3 years ago
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