Does reduce the responsibility of management to properly

Assignment Help Financial Accounting
Reference no: EM132743813

Problem 1: Issuers of financial statements that fail to disclose that accounts receivable have been sold or factored sometimes attempt to offer the defense that this is only a disclosure issue that does not affect earnings. If the nondisclosure of the sale of accounts receivable does not affect earnings, does this reduce the responsibility of management to properly disclose the sale of accounts receivable?

Reference no: EM132743813

Questions Cloud

Identify two acute neurological disorders : Identify two acute neurological disorders and two chronic neurological disorders and discuss the difference.
Factors to the development of dementia : Select and discuss 3 possible contributing factors to the development of dementia.
Determine what are the project cash flows in each year : Expenses are expected to be 40% of revenues, and working capital required in each year is expected to be 20%, what are the project cash flows in each year?
What is the standard direct labour cost : The following direct labour information pertains to the manufacture of product Glu: Number of units produced weekly.......................2000.
Does reduce the responsibility of management to properly : Issuers of financial statements that fail to disclose, Does reduce the responsibility of management to properly disclose the sale of accounts receivable?
Can the benefits of genetic modification outweigh its risks : Can the benefits of genetic modification outweigh its risks? Why or why not? Provide at least two justifications to support your answer.
What proteins could you over express in e. coli : What proteins could you over express in E. coli to help the over expressed Tusup proteins fold and to prevent their aggregation?
What is the density of the soft tissue : The wave velocity of ultrasound in soft tissues is 1540m/s and the impedance offered by it is 1.63 X 106 kg/m2s. What is the density of the soft tissue?
Explain the reasons for the lender in setting requirement : Explain the reasons for the lender in setting this requirement. Also illustrate the advantages it may have if the ownership of the firm is in the form of corp

Reviews

Write a Review

Financial Accounting Questions & Answers

  In this audit of the sales and collection cycle

What inherent risks are you concerned about? In this audit of the sales and collection cycle, which types of tests are you likely to emphasize?

  How much is tied up in net operating working capital

Other long-term operating assets = $1 million. How much is tied up in net operating working capital (NOWC)? How much is tied up in total net operating capital

  Minimum tax system differ from regular tax system

How does the alternative minimum tax system differ from the regular tax system? How is it similar? Why did Congress implement the alternative minimum tax system? The starting point for computing alternative minimum taxable income is regular taxable i..

  Understand business practices in different countries

It is vital to understand currency and exchanges to understand business practices in different countries. Where would your starting point be to understand? Do you think multinational organizations, should be able to use their home country GAAP to lis..

  Create a new policy of pay structure

Create a new policy of pay structure for each type of employee based on your research -  Conduct research to locate alternative methods of pay structure for Big Ed''s. Prepare a memo to Ed Silver that identifies a minimum of one alternative pay str..

  Calculate the annual compound growth rate of house

Calculate the annual compound growth rate of the house price since the house was sold to Mark and Ann Kington (since 2000) until the price .

  What major disadvantage of this method

Delmar Corporation is considering the use of residual income as a measure of the performance of its divisions. What major disadvantage of this method should the company consider before deciding to institute it?

  What are inventories and the related accounts payables

After reviewing the assets sales, impairments, and restructuring activities, what conclusions can be drawn about the Estee Lauder Companies?

  Show the ending balances in accounts receivable

Show the ending balances in Accounts Receivable, Allowance for Uncollectible Accounts, and Net Accounts Receivable at October 31

  What is cost recovery deduction

What is his cost recovery deduction for 2019? On July 15, 2018, Travis purchased some office furniture for $20,000 to be used in his business.

  Emphasized in business ethics check all that apply

Which of the following is/are emphasized in business ethics check all that apply

  Questionmercer mechanics offers a one-day sale on battery

questionmercer mechanics offers a one-day sale on battery installation. during the progression of the day the mechanics

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd