Reference no: EM132019900
Questions -
Q1. Which of the following is correct concerning financial statement disclosure of accounting policies?
Disclosure of accounting policies is an integral part of the financial statements.
The format and location of accounting policy disclosures are fixed by generally accepted accounting principles.
Disclosures should be limited to principles and methods peculiar to the industry in which the company operates.
Disclosures should duplicate details disclosed elsewhere in the financial statements.
Q2. The following information pertains to Flint Co.'s sale of 10,000 foreign currency units under a forward contract dated November 1, 2004, for delivery on January 31, 2005:
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11/1/04
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12/31/04
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Spot rates
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$0.80
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$0.83
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30-day future rates
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$0.79
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$0.82
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90-day future rates
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$0.78
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$0.81
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Flint entered into the forward contract in order to speculate in the foreign currency. In Flint's income statement for the year ended December 31, 2004, what amount of loss should be reported from this forward contract?
$300
$400
$0
$200
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Find december additional paid-in capital
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What the expected benefits of the training will be
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What is jeffrey macrs deduction
: On November 29th, 2012, Jeffrey White purchased a piece of equipment (7-year property) used to manufacture roof tiles. This equipment cost Jeffrey $300,000.
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Identify the historical issue you are focusing on
: Identify a minimum of 8 peer-reviewed journal articles for this assignment, and provide annotated notes for each reference.
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What amount of loss should be reported
: In Flint's income statement for the year ended December 31, 2004, what amount of loss should be reported from this forward contract
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How large must each payment be
: You must make a payment of $1,752.61 in 10 years. To get the money for this payment, you will make 5 equal deposits, beginning today and for the following.
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How and why do people join terrorist organizations
: How and why do people join terrorist organizations?To what extent is psychopathology relevant for understanding or preventing terrorism?
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Performance expectations and social support
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At what constant rate is the stock expected to grow
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