Advanced Accounting (13th Edition)
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Usually consolidated financial statements don’t ... more
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Disaggregated financial information refers to ... more
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The objective of segment reporting is to make the ... more
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The advantages of management approach segment ... more
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Operating segments are the component of the ... more
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Usually the companies have only one operating ... more
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The three tests for the operating segment to ... more
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The information that needs to be disclosed is ... more
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In case of only one operating segment, the company... more
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The companies with international bases or ... more
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The main two elements that need to be disclosed ... more
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The minimum number of countries that are needed to... more
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The company needs to disclose the information ... more
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The difference between the two accounting ... more
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Public traded companies in the US prepare interim ... more
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Integral approach ; The company needs to follow ... more
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To avoid the abnormal rise in the gross profit ... more
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The value of the income tax payable is calculated ... more
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Change in accounting policy after the first ... more
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The material expenses, revenue, changes in ... more
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The information related to segments are:Revenue ... more
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IAS 34 considers interim period as a discrete ... more
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The segment reporting provides the detailed ... more
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In case the revenue generated from the sales of ... more
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The liabilities of the company are generic and not... more
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The three tests, that is, revenue, profit, and ... more
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Separate financial data can be obtained for the ... more
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A component of an enterprise is identifiable as an... more
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Segment liability is not the prescribed basis for ... more
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U.S. GAAP (Generally Accepted Accounting ... more
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Interest expense is a part of the operating ... more
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Total assets cover both short term and long term ... more
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U.S. GAAP (Generally Accepted Accounting ... more
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U.S. GAAP (Generally Accepted Accounting ... more
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Reporting in the context of major customers is ... more
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U.S. GAAP (Generally Accepted Accounting ... more
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Interim financial statements should be prepared ... more
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In order to avoid the risk that investors and ... more
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The sale of land is an extraordinary income that ... more
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It is not mandatory to publish information about ... more
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Each material segment should include revenue from ... more
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According to U.S. GAAP, one-fourth of the expenses... more
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The segment A has a profit of $80,000, which is ... more
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As per the US GAAP, a segment of public company is... more
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The total revenue of the reportable segments ... more
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The company has obtained the benefit of the use of... more
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Loss that resultedfrom the change in inventory ... more
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A proportionate amount of employee bonus must be ... more
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A proportionate amount of property tax must be ... more
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Whole of the property tax paid for the year cannot... more
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The amount has been erroneously calculated by ... more
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The amount, $335,000, is erroneously calculated to... more
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Vehicle A, Vehicle S and Vehicle T would be ... more
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Global Explanation:Schedule showing the revenue ... more
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Global Explanation: The income statement shows the... more
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Cost of goods sold: $10,225,000 Gross Profit: $5,... more
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An equity method investee can be treated as an ... more
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As per the ASC 270-10-50-6, contingencies are ... more