What is the purpose of the U.S. GAAP seventy-five percent requirement for industry segment disclosure?
What will be an ideal response?
A substantial portion of the company's operations should be presented in disaggregated form. The seventy-five percent requirement is the GAAP guideline in making sure companies report information about a sufficient number of segments.
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Jackson Company had a net increase in cash from operating activities of $9800 and a net decrease in cash from financing activities of $3700. If the beginning and ending cash balances for the company were $4800 and $14,600, what was the net cash change from investing activities?
A. Zero. B. An inflow or increase of $3700. C. An inflow or increase of $1100. D. An outflow or decrease of $3700.
Standards are performance goals used to evaluate and control operations
Indicate whether the statement is true or false
Frederick Company borrows $63,000 from First City Bank and pledges its receivables as security. Which of the following is true regarding this transaction:
A. Frederick Company no longer has the risk of bad debts. B. Frederick Company's financial statements must disclose the pledging of receivables. C. First City Bank is the factor in this transaction. D. First City Bank takes ownership of the receivables at the time of the pledge. E. No journal entry is required for this event.
________ is a process for determining customer requirements and translating them into attributes that each functional area can understand and act upon
Fill in the blanks with correct word