Define the term Discontinued operations.

Q: Define Discontinued operations.

A:

Q: Distinguish between losses from transaction exposure, operating exposure, and translation exposure?…

A: Investors get into contract for the future as well as the current transactions. The company will be…

Q: What constitutes a dicontinued operations.?

A: Definition:   Income statement: The financial statement which reports revenues and expenses from…

Q: Explain the difference in the accounting treatment of the cost of developed technology and the cost…

A: Developed Technology relates to those projects that have reached technological feasibility.…

Q: Define net operating loss.

A: For income tax purposes, a net operating loss (NOL) is the result when a company's allowable…

Q: Explain the dual purpose of closing process.

A: The closing entries serve to transfer the balances out of certain temporary accounts and into…

Q: What is the basis for distinguishing between operating and nonoperating items?

A:

Q: Describe the procedure of handling unequal service life problems in Replacement Analysis?

A: Answer: While undertaking the replacement decisions, businesses also consider various alternatives.…

Q: Distinguish between losses from transaction exposure, operating exposure, and translation exposure?…

A: The Answer :

Q: Define Service period

A: Introduction: Usually, service is nothing but something that is supposed to support other who offer…

Q: Define Depletion.

A:

Q: Describe direct and indirect mehods of reporting.

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…

Q: 1. Define and briefly discuss a loss contingency.

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: IS a outsource?

A: Outsourcing is the process of hiring a third party to perform the company's services that are…

Q: Within the consolidation process, what is the purpose of a worksheet?

A: The worksheet is used to record the consolidated balances by eliminating the inter-company…

Q: What are the primary reasons for separating operational tasks?

A: Operational Tasks: Operational tasks refer to those tasks that are performed on a regular basis in…

Q: Define the term Loss Contingencies.

A: A loss contingency is incurred by the business based on the result of a future event, such as…

Q: Define Loss contingency.

A: A loss contingency gives the reader of the financial statements early warning of an impending…

Q: Define agency conflict

A: Agency conflict denotes to the conflicts that arise between the agent and Principal. In the finance…

Q: Explain service method of allocating prior service cost.

A: Service cost refers to the part of pension expenses deducted every year. Service cost is amortized…

Q: two types of operational responsibility

A: Operational responsibility is the responsibility of the managers to make sure that the operation…

Q: What amounts are reported by an operating segment?

A: Segment reporting: Segment reporting aims at classifying the risks encountered by the companies in…

Q: Explain the meaning of the following terms: markup,additional markup, markup cancellation, net…

A: Products are priced at the selling price and used to compare different product lines. The selling…

Q: What Constitutes a Discontinued Operation?

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: Define operating activities.

A: Explain the meaning of operating activities:Statement of cash flows: This statement reports all the…

Q: What is a reportable operating segment?

A: Operating segment is a segment of a company which can generate its own revenue and has its own…

Q: a Assuming Staton uses the rational entity impairment model record the appropriate entries. b…

A: Given information is: Original Cost = $110,000 Accumulated Depreciation = $20,000 Asset value in use…

Q: What is meant by the term management by exception?

A: Business Management:   Business management refers to the skills associated with running a company…

Q: Explain Change in Reporting Entity.

A: A reporting entity is an entity whose general-purpose financial report is used by its users to have…

Q: Define devaluation

A: Currency- Currency is defined as money in terms of paper or coins which is issued by the government.…

Q: Define a loss contingency. Provide three examples

A: Loss Contingency:   It is a form of contingency where an existing situation or circumstance where…

Q: What does operating activities includes?

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: If operating segments are based on geography rather than products or services, can they still be…

A: Operating Segment:   An operating segment of an organization is a component that is a profit centre…

Q: Concept of Reconcilation statement with an example .

A: A bank compromise proclamation is a synopsis of banking and business movement that accommodates an…

Q: Define divestiture

A: Introduction: A divestiture might happen when a business unit is thought to be redundant afterward…

Q: Define the term service revenue.

A: Revenues: Revenues are earnings from operations of a business. The operating activities are sale of…

Q: Define temporary operating current assets

A: Temporary Operating Current assets are a type of current assets which fluctuate with time or season…

Q: What are some examples of discontinued operations?

A: Discontinued operations: These are nonrecurring transactions that arise from elimination of any…

Q: Explain the accounting for loss carryforwards.

A: The Accounting For Loss Carryforwards will be explained:

Q: Define the term Principles of Consolidation.

A: To solidify (solidification) is to join resources, liabilities, and other monetary things of at…

Q: What is interim reporting?

A: Financial Reporting:   It refers to the disclosure of the financial results of the organization to…