Under PFRS 8, which of the following is not a criterion used to determine reportable segments? A. Segment assets В. Segment liabilities C. Segment sales Operating profit or D. loss

Q: ot considered when determining whether an operating segment qualifies as a reportable segment?

A: An operating segment will be qualified as a reportable segment only if the business is able to…

Q: n accounting for by-products, when the by-products are sold for more than the estimated sales value,…

A: There are two options available to the entity. The entity can choose either of the following options…

Q: EBITDA removes which of the following from the operating income number? a. Significant variable and…

A: Earnings Before Interest, Taxes, Depreciation, and Amortization is referred to as EBITDA. It is a…

Q: Describe when and how a net operating loss carryforward and a net operating losscarryback are…

A: Net Operating Loss Carryforward:   The net operating loss is considered as negative taxable income.…

Q: Before revenue can be recognized, the revenue recognition principle requires the _____. A. Product…

A: Revenue is the money earned by providing services or selling goods to customers. The Revenue…

Q: What controversy relates to the accounting for net operatingloss carryforwards?

A:

Q: Gross margin is included on the income statement under which format(s)? A) B) C) D) Contribution…

A: Gross Margin is included on the income statement under traditional approach.  Gross Margin = Sales -…

Q: For which of the following cost flow methods does generally accepted accounting principles require…

A: Ans. In case of Inventories, it is generally accepted accounting principles is to measure at cost or…

Q: differences between the FASB and GASB

A: Accounting is a practice that helps the business to keep its transactions in legal-mentioned form.…

Q: A major difference between GAAP and IFRS with respect to accounting for inventories is:…

A: Generally Accepted Accounting Principles or GAAP Are the principles governing the world of…

Q: What is "The units-of-output method" and "The staright-line method" in accounting? What are their…

A: Companies use tangible long term resources to perform daily operations and create revenue for its…

Q: What is an overbilling and how is it used in percentage - of - completion accounting?

A: In construction and project accounting, overbilling refers to the situation where a contractor…

Q: What is the preferred order of reconciliation? cost, sales, income O income, cost, sales sales,…

A: Income is defines as total costs of the project deducted from total sales from the project.

Q: Which option does NOT form part of measurement bases in terms of IAS1? Select one: O a. Prime cost O…

A: In summary, IAS 1 does not specifically mention "prime cost" as a measurement basis, but it does…

Q: What controversy relates to the accounting for net operating loss carryforwards?  What is your…

A: Net operating loss (NOL) carryforwards refer to a tax provision that allows a business to use its…

Q: Kirstin Zaldays, CFA, is researching the relative valuation of two companies in the…

A: In this question, we are required to determine EV/EBITDA for both LTM and RTX.

Q: Gross profit minus total operating expenses is called ____________. Group of answer choices income…

A: Gross Profit: After deducting all of the expenditures that are associated with the production and…