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Questions tagged 'accounting principles'

2 questions

A
Anonymous

Feb 01, 2025

Which of the following statements concerning financial statement presentation is false?

Which of the following statements regarding the presentation of financial statements is false? a. Intangible assets are reported separately under Intangible Assets. b. The balances of major classes of...

A
Anonymous

Dec 06, 2024

Unusual items not affecting prior period statements include

Unusual items that do not affect prior period financial statements include: a. discontinued operations b. changes from one generally accepted accounting principle (GAAP) to another c. errors in the ap...