User Account

All Pages

What basic accounting principle caused kaiser aluminum

Assignment Help Financial Accounting
Reference no: EM132642682

Problem 1: In a recent annual report, Kaiser Aluminum Corporation made the following statement in reference to its inventories: "The Company recorded pretax charges of approximately $19.4 million because of a reduction in the carrying values of its inventories caused principally by prevailing lower prices for alumina, primary aluminum, and fabricated products." What basic accounting principle caused Kaiser Aluminum to record this $19.4 million pretax charge? Briefly describe the rationale for this principle.

Reference no: EM132642682

Questions Cloud

What is benefit of accelerated depreciation for income tax : What is the benefit of accelerated depreciation for income tax purposes when the total depreciation taken over the asset's life is identical
What is the amount of prepaid insurance in the statement : Given the information provided above (Q11) what is the amount of prepaid insurance in the statement of financial position as at 31 December 2018
How might a company revise the depreciation expense : How might a company revise its depreciation expense computation due to a change in an asset's estimated useful life or salvage value?
How to properly credit the work of experts in college : Knowing how to properly credit the work of experts in college writing is vitally important. It gives credit where credit is due. It shows that you did.
What basic accounting principle caused kaiser aluminum : What basic accounting principle caused Kaiser Aluminum to record this $19.4 million pretax charge? Briefly describe the rationale for this principle.
Determine their QBI deduction : Ben generates $300,000 of qualified business income from his single-member LLC (a law firm). Determine their QBI deduction for 2019
Why might companies adopt lifo inventory costing in periods : Why might companies adopt last-in, first- out inventory costing in periods when costs are consistently rising?Even though it may not reflect their physical flow
What epidemiologic study design would you use : What epidemiologic study design would you use for each of the following investigations, In 2.4 sentences, explain why you chose that study design
What would you tell the university dean : Imagine you are a Security Executive overseeing a Security Project Manager. The Project Manager is working on a new CCTV camera installation at a University.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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