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3 years ago

ASC Topic 235, Notes to Financial Statements

1 answer:

Nutka1998 [239]3 years ago

4 0

Answer: d. Requires description of all significant accounting policies to be included as an integral part of the financial statements.

Explanation:

There are several accounting and valuation policies that a company can use when presenting its financial information for the year. Companies are meant to follow the policies that would most fairly represent their assets and liabilities.

When they pick these valuation methods, it is important that the people who study their financial statements know the valuation and accounting methods used so that they can understand the figures.

To this end, ASC Topic 235 requires that the company should include the significant accounting policies that it used as notes so that financial statement users understand how the company reached the figures it recorded.

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Drum buffers are:

maks197457 [2]

Answer: Extra safety that is applied to a project immediately before the use of the constrained resource.(D)

Explanation:

Drum buffer can be explained as period of time that is used to safeguard the drum resource from the problems that occur from the drum operation.

The aim of the drum buffer effect is to provide a recheck of the work in order not to deviate from the real aim of the project. The buffer makes up for the process variation, and makes the project stable as it gives extra safety which is applied mmediately before using constrained resource.

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3 years ago

A couple is considering what project they should do next to improve the value of their house. Based on the table above, which of

murzikaleks [220]

Answer:

B. Enclose back porch

Explanation:

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Health Maintenance Organizations (HMOs) are MOST LIKELY associated with which of these types of insurance? A) life insurance B)

sleet_krkn [62]

Answer:

Explanation:

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3 years ago

Which of the following will usually be found on an income statement prepared using absorption costing? Contribution Margin/ Gros

chubhunter [2.5K]

Answer:

C) No/Yes

Explanation:

An income statement (profit and loss account) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues are transformed into the net income or net profit

Absorption cost is a method of calculating the cost of a product or enterprise by taking into account indirect expenses (overheads) as well as direct costs.

How do you calculate total period cost under absorption costing?

Income statement shows Sales – Cost of Goods sold = Gross Margin (or Gross Profit) – Operating Expenses = Net Income and is based on the number of units SOLD.

3 0

3 years ago

A Japanese company has a bond outstanding that sells for 87 percent of its ¥100,000 par value. The bond has a coupon rate of 4.3

PSYCHO15rus [73]

Answer:

YTM = 12.66%

Explanation:

FV = ¥100,000

PV = 0.87 x ¥100,000

PV= ¥87,000

Coupon payment = 4.3% x ¥100,000

Coupon payment = ¥4300 per year

N = 18 years

YTM = ?

We would simply plug these values into a financial calculator

https://www.calculator.net/finance-calculator.html?ctype=returnrate&ctargetamountv=1000000&cyearsv=18&cstartingprinciplev=87000&cinterestratev=6&ccontributeamountv=4300&ciadditionat1=end&printit=0&x=0&y=0

YTM = 12.66%

8 0

3 years ago