Which of the following elements of financial statements is not a component of comprehensive income?
a. Revenues
b. Expenses
c. Losses
d. Distributions to owners
e. All of these are components of comprehensive income.
D
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McDonald's, Philips Electronics, 3M International and many other similar well known global corporations are operating in Central and Eastern Europe. Some countries in the region are still recovering from decades of command economies
What makes the region so attractive for global business corporations?
_____________is the quality of accounting information that allows a user to analyze two or more companies and look for similarities and differences
Fill in the blank(s) with correct word
BoTeck is a full-service technology company. It provides equipment, installation services, and training services. For a recent major group sale, the transaction price had a variable component contingent upon a threshold being reached. Revenue allocated to equipment and installation services was recognized in fiscal year 2015; revenue allocated to training services is being recognized over the
next two years through the end of 2017. Now, in February 2016, the contingent outcome previously expected has proven to be false and the transaction price has changed such that additional revenue should be recognized for these performance obligations. What is the proper accounting for this change in transaction price for equipment and installation services? A) prior period adjustment to increase 2015 revenue for the full amount of change B) increase 2016 and 2017 revenue by allocating adjustment equally to each year for the proportional amount of change C) increase 2016 revenue by allocating adjustment to January and February equally to each month for the proportional amount of change D) increase 2016 revenue by adjusting February for the full amount of change
The written proposal is best described as a(n):
A) government formality that customers do not read B) standardized document that highlights pricing C) opportunity to demonstrate writing skills D) plan of action based on facts and assumptions E) analysis of competing products and services