Yan Sun Exam 2 Questions And Verified Correct Answers.
4 views 0 purchase
Course
SJN
Institution
SJN
Reporting corrections of errors result from - correct answer mathematical mistakes, mistakes in application of accounting principles, oversight or misuse of facts
discontinued operation - correct answer The sale or disposa...
Reporting corrections of errors result from - correct answer mathematical mistakes,
mistakes in application of accounting principles, oversight or misuse of facts
discontinued operation - correct answer The sale or disposal of a component of an
entity, must be clearly disguishable from the entity
2 things reported for discontinued operations - correct answer operating
income/loss from component from the beginning of the reporting period AND gain/loss from disposal of
components assets
examples of components - correct answer operating segments, reporting units,
subsidiaries, asset groups
reporting unusual gains and losses (unusual) - correct answer high degree of
abnormality and of a type clearly unrelated to, or only incidentally related to, the ordinary and typical
activities of the company, taking into account the environment in which it operates
reporting unusual gains and losses (infrequency of occurrence) - correct answer
type of transaction that is not reasonably expected to recur in the foreseeable future, taking into
account the environment for which the company operates
examples of unusual gains or losses - correct answer restructuring charges, gain or
loss from the sale of assets, write-down of assets, effect of a strike, and gain or loss related to casualties
such as fires, floods, and earthquakes
earnings per share - correct answer net income - preferred dividends / weighted
average common shares outstanding
earnings per share measures - correct answer the dollars earned by each share of
common stock
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller RealGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.