Questions tagged 'accounting principles'
2 questions
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...
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...