Solution-What an event or transaction should be

What an event or transaction should be

Assignment Help Accounting Basics

Reference no: EM132654566

Problem 1: In order to be classified as an extraordinary item in the income statement, an event or transaction should be

a. unusual in nature, infrequent, and material in amount.

b. unusual in nature and infrequent, but it need not be material.

c. infrequent and material in amount, but it need not be unusual in nature.

d. unusual in nature and material, but it need not be infrequent.

Reference no: EM132654566

Questions Cloud

What amount should be report as total payroll tax liability : Sonic Corporation reported gross payroll of P600,000 for the month of January. What amount should be reported as total payroll tax liability?

Administration dichotomy first raised by woodrow wilson : The issues of politics-administration dichotomy first raised by Woodrow Wilson continue to generate debate among scholar of public administration in modern time

What total amount should be reported as intangible assets : What total amount should be reported as intangible assets? A number of expenditures were made during the current year that were debited to one account

Create list of measurable outcomes for your capstone project : After working with your preceptor to assess organizational policies, create a list of measurable outcomes for your capstone project intervention.

What an event or transaction should be : In order to be classified as an extraordinary item in income statement, an event or transaction should be? unusual in nature, infrequent, and material in amount

Most important stage in criminal process : Discuss two of the procedures that you believe comprise the most important stage in the criminal process

Preparing financial statements only once every ten years : Preparing financial statements only once every ten years so that accurate measurements can be achieved is inconsistent with? the economic entity assumption.

Public leader in transforming public higher education : From the weekly readings and first e-Activity, recommend a distributive, servant, or other leadership theory. How would you define a "change" leader?

Which of the errors could have been the cause : Which of the errors could have been the cause? When the auditors examined Kadous Co.'s balance sheet for 2006, they found that retained earnings.

User Account

All Pages

What an event or transaction should be

Reference no: EM132654566

Reference no: EM132654566

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT