Describe at least examples of related parties

Reference no: EM133416966

FASB Codification Research

Cite the complete FASB Codification reference used for the characteristics of related parties.

Describe at least four examples of related parties.

Cite the complete FASB Codification reference used for the explanation of segment reporting.

Explain when segment reporting quantitative thresholds require a public company to report separate information about an operating segment.

Cite the complete FASB Codification reference used for the explanto explaination of interim reporting relating to SEC-register companies.

Explain whether it is acceptable for an SEC-registered company to state the impracticality of determining components of inventory using the gross profit method in their interim reporting. Consider the following question to guide your response:
Is it acceptable?

Would a public company count inventories during each interim period?

Will management be able to make reasonable estimates of inventory estimates? Why or why not?

Reference no: EM133416966

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