State what type of disclosure is required

Reference no: EM131442139

Accounting Theory Case Study

A company car is in a wreck and the company expects to have to pay a substantial sum to persons who were injured. State what type of disclosure, if any, is required under each of the following two circumstances (you can search the FARS database on the type of disclosure). For each circumstance, state your findings (citing the source) and then write a brief summary of what your findings mean. In both cases assume the company's year-end is December 31.

a) The accident occurred in November

b) The accident occurred in January of the following year. Financial statements will not be issued until February.

Reference no: EM131442139

Questions Cloud

Identify the most important facts surrounding the case : Identify the most important facts surrounding the case. Read the case several times to become familiar with the information it contains. Pay attention to the information in any accompanying exhibits, tables, or figures.

What is the law of equalising weighted marginal utility : What is the law of equalising weighted marginal utility?

Create a professional marketing presentation : You are to create a professional marketing presentation that includes the details of the marketing mix items below and the background information developed in your international marketing report you created in Module 3. The final presentation will..

Effectively utilizing social media in a virtual organization : All papers should be written in APA format and include a cover page, content, and reference page. Length of paper should be 3-5 pages of content. Double spaced 12 point. Please thoroughly research the topic and include a minimum of three reference..

State what type of disclosure is required : ACCT 3040 Accounting Theory Case Study. A company car is in a wreck and the company expects to have to pay a substantial sum to persons who were injured. State what type of disclosure, if any, is required under each of the following two circumstan..

How the selected organization is meeting the concepts : Write a 700- to 1,050-word paper in which you analyze how the selected organization is meeting the concepts of Competitive Advantages as outlined in Hisrich and Kearney (2014), on page 69.

Different styles of change are adaptive change : The three different styles of change are adaptive change, innovative change, and radically innovative change, how can different approaches to change make an organization more effective?

Which of the following is true about internal marketing : Which of the following techniques guides short-term marketing activities?Which of the following is true of a control-chart analysis?Which of the following is the initial step in setting up a strategic marketing evaluation program?Which of the followi..

Define the law of equalising marginal utility : THE LAW OF EQUALISING MARGINAL UTILITY

Reviews

len1442139

3/27/2017 7:46:15 AM

There is no word limit for the Case study. it should be about one page and a half. As long as the question is answered correctly. State what type of disclosure, if any, is required under each of the following two circumstances (you can search the FARS database on the type of disclosure).

Write a Review

Required(*) Message

User Account

All Pages