What type of disclosure or accounting do you believe

Assignment Help Accounting Basics
Reference no: EM131116367

1. What type of disclosure or accounting do you believe is necessary for the following items?

(a) Because of a general increase in the number of labor disputes and strikes, both within and outside the industry, there is an increased likelihood that a company will suffer a costly strike in the near future.

(b) A company reports an extraordinary item (net of tax) correctly on the income statement. No other mention is made of this item in the annual report. 

(c) A company expects to recover a substantial amount in connection with a pending refund claim for a prior year's taxes. Although the claim is being contested, counsel for the company has confirmed the client's expectation of recovery.

Reference no: EM131116367

Questions Cloud

Compute the probability that the peso will devalue : Consider the numbers in the previous question. Assume that if the peso were to depreciate, investors figure it will depreciate by 25%. Also, assume that if the Argentine bank were to default on its dollar obligations, it would pay nothing to investor..
What are the major types of subsequent events : What are the major types of subsequent events? Indicate how each of the following "subsequent events" would be reported.
What risk does the difference between the rate : What risk does the difference between the 7.10% dollar interest and 3.25% LIBOR reflect? What risk does the difference between the rate on 90-day pesos and 90-day dollar deposits by Argentine banks reflect?
The following information was described in a note of canon : The following information was described in a note of Canon Packing Co. "During August, Holland Products Corporation purchased 311,003 shares of the Company's common stock which constitutes approximately 35% of the stock outstanding.
What type of disclosure or accounting do you believe : What type of disclosure or accounting do you believe is necessary for the following items?
What is project finance : What is project finance?
How is it possible to embed political risk insurance : How is it possible to embed political risk insurance in a capital budgeting analysis?
What are some organizations or firms that provide political : What are some organizations or firms that provide political risk insurance?
What are the three main types of political risk covered : What are the three main types of political risk covered by political risk insurance?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Plums software sales

John and jean own 80 percent and 20 percent respectively, of palm Corporation stock. Thanks to their hard work, Plum's software sales have sky rocketed. In its first year of operation plum's earning were minimal, but four years later, Plum grossed..

  Prepare the missing adjusting entry

You are to prepare the missing adjusting entry. Please indicate DR (debit ) or CR (credit) to the left of the account title, and place a comma between the account title and the amount of the adjustment.

  At august 31 felipe company has a cash balance per books of

at august 31 felipe company has a cash balance per books of 8097 and the following additional data from the bank

  What are the companys marginal and average tax rates

The Talley Corporation had a taxable income of $365,000 from operations after all operating costs but before (1) interest charges of $50,000, (2) dividends received of $15,000, (3) dividends paid of $25,000, and (4) income taxes. What are the firm..

  Determining percent marginal tax bracket

What are the income and FICA tax consequences if $325,000 is determined to be excessive wages by the IRS? Assume Joe is in the 35 percent marginal tax bracket and JS Corporation is in the 34 percent marginal tax bracket.

  Implementation of the balanced scorecard

a. Critically evaluate M&R's implementation of the balanced scorecard. Identify any strengths and weaknesses of the program. b. Was the adoption of the balanced scorecard at M&R responsible for the turnaround in its financial performance?

  Identify the relevant costs to make this part internally

Identify the relevant costs to make this part internally and should Sycamore produce the part or continue to buy it from the outside supplier?

  Arizona company reported accounts receivable of 21200000 at

arizona company reported accounts receivable of 21200000 at the end of its 2009 fiscal year. this amount was net of an

  What is the interest cost to be included in the current

the following data are for guava companys retirees health care paln for the current calendar yearnumber of employee

  Periodic inventory by three methods the units of an item

periodic inventory by three methods the units of an item available for sale during the year were as follows jan.1

  Present value factors for the annuity

Dean signed an agreement to sell the plant for $350,000 January 1 year 10 and Lease it back for $15,000 per year, deans incremental borrowing rate is 6%. Present value factors for annuity

  In the month of march style salon services 580 clients at

in the month of march style salon services 580 clients at an average price of 180. during the month fixed costs were

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