Which is not required to be disclosed in the notes

Assignment Help Financial Accounting
Reference no: EM132794581

problem 1: Which of the following information is not required to be disclosed in the notes to the financial statements?

A. The company's principal markets are located in Australia, China, Canada, and Japan.

B. A strong earthquake destroyed the company's main factories, which raised substantial doubt regarding the company's ability to continue as a going concern.

C. The company's financial ratios in comparison with the industry average.

D. The company has only one supplier. The supplier is forced to shut down for 6 months after food safety violations. The company is unable to find another supplier within 6 months.

Reference no: EM132794581

Questions Cloud

How should the event be disclosed or recognized : How should this event be disclosed or recognized? Nancarrow Corp. released its financial statements for the year ended December 31, Year 7, on March 15
Identify the bottleneck in the repair process : -Draw a process flow diagram and identify the bottleneck in the repair process.
Identify and briefly define one emerging technology : Identify and briefly define one emerging technology that is currently being adopted or likely to be adopted in the near future to change the audit process
Which circumstances does substantial doubt exist : Which circumstances does substantial doubt exist about an entity's ability to continue as a going concern? The entity is not in compliance with statutory
Which is not required to be disclosed in the notes : Which is not required to be disclosed in the notes to the financial statements? The company's principal markets are located in Australia, China
How much cash did Coronado receive from the sale : The machinery was sold on May 1, 2021 at a gain of $14500. How much cash did Coronado receive from the sale of the machinery
What payments the agency can make with authority : The prospective landlord queries how the rental money is managed and what payments the agency can make with his authority.
Determine the range of annual quantities : Determine the range of annual quantities for which each of the alternatives will be the best.
What is the total cost of production per week : What is the total cost of production per week for Plant A? Answer in whole numbers

Reviews

Write a Review

Financial Accounting Questions & Answers

  Current ratio-inventory turnover ratio-profit margin ratio

You are comparing two companies in the same industry. You have determined that Ace Corp. depreciates its plant assets over a 40-year life, whereas Liu Corp. depreciates its plant assets over a 20-year life. Discuss the implications this has for compa..

  What type of agency conflict might occur

Suppose your company raises funds from outside lenders. What type of agency costs might occur? How might lenders mitigate the agency costs?

  How do the stocks of companies perform the year

How do the stocks of companies perform the year after they are dropped from the Fortune list? Specifically, are they "outperforming"

  Interest on freed-up cash and freed-up funds

City Farm Insurance has collection centers across the country to speed up collections. The company also makes its disbursements from remote disbursement centers so the firm's checks will take longer to clear the bank. If City Farm has $4.50 million p..

  Preparing a bank reconciliation

Show the effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal statements model and determine the true cash balinCe by.preparing a bank reconciliation econciliation as of May 31, 2013..

  Find what would be the return on the stock

Find What would be the return on the stock, if the market return increased to 13% while the risk-free rate remained unchanged?

  What is source of law that governs the subsequent remedies

Eddie has taken thousands of dollars from Betty's business. As a result, Betty has suffered. Did Eddie violate a criminal law, a civil law, or both? Explain.

  Changes and error analysis1which of the following is not a

changes and error analysis1.which of the following is not a change in accounting principle?a.a change from fifo to lifo

  What is the resulting estimated intrinsic stock price

If BK converts its short-term investments to cash and pays a total of $100 in dividends, what is the resulting estimated intrinsic stock price

  Assume straight-line amortization

Cramer Company sold five-year, 6% bonds on October 1, 2016. The face amount of the bonds was $180,000, while the issue price was $190,000. Interest is payable on April 1 of each year. The fiscal year of Cramer Company ends on December 31. How much in..

  What is Avicorp pre-tax cost of debt

The debt has semi-annual coupons, the next coupon is due in six months, and the debt matures in five years. What is Avicorp pre-tax cost of debt

  What amount of the contribution is deductible

Phil, age 30, is married and files a joint return with his spouse. On February 15, 2014, Phil establishes an IRA for himself and a spousal IRA for his spouse with a $10,000 contribution, $5,000 for himself and $5,000 for his wife. Phil’s spouse earne..

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