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Problem 1: Describe what each of the following XBRL terms mean?
Problem 2: Give a brief example of each.
A. Interactive data
B. Instance document
C. XBRL metadata
D. Inline XBRL (iXBRL)
Problem 3: Describe two differences between the original XBRL and the newest format, Inline XBRL (iXBRL)?
Problem 4: What are the benefits to an investor or financial analyst of using financial statements prepared in XBRL? Name two benefits and explain why.
The cumulative effect on prior years' incomes of a change in accounting principle is reporting on the statement of retained earnings. True or False
Which of the following decreases a partner’s basis in the partner’s partnership interest? Jim, one of two equal partners of the JJ Partnership, a general partnership, contributed business property with an adjusted basis to him of $15,000 and a fair m..
Create a policy for 802.11 Wi-Fi security in a wireless network in a 500-employee company with a 47-access point WLAN. This is not a trivial task.
Company A started company B with an investment of $200. Journal entry in A'books? Journal entry in B'books? Balance sheets on 10 June of A and B?
Compute the amount of gross profit recognized in 2010 and 2011. Prepare the journal entries to record the sales, cash collections and recognition of gross profit only if appropriate in the years 2010 and 2011.
Journalize the entry to record the amount of cash proceeds from the issuance of the bonds. Determine the total interest expense for Year 1.
Identify a real-life outsourcing decision that has been made. Identify the specific reasons for the outsourcing. Discuss the efficient market hypothesis.
The classification of receivables and how companies handle uncollectible accounts - Review a sample of financial statements submitted by an SEC registrant.
Prepare a statement of cash flows under the INDIRECT method adds and subtracts certain items to the base number. Decreases in unearned revenues
This company manufactures and sells computer monitors with a three-year warranty. Warranty costs are expected to average 7% of sales during the warranty period.
What amount of liability (if any) related to the season tickets should be reported on the team's December 31, 2020, statement of financial position
Use the Internet to locate and select a tort case involving misappropriation of a trade secret. With respect to the case you select, explain what a tort is and define misappropriation of a trade secret.
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