Supplementary disclosures required by GAAP that help explain detail behind the accounting treatment of certain items in the financial statements is most likely found in which of the following sections of a corporate annual report?
a. Report of the Independent Accountants
b. Notes to the Financial Statements
c. Management's Discussion and Analysis
d. Balance Sheet
b
You might also like to view...
What are the similarities and differences a marketing plan has with a business plan?
What will be an ideal response?
Creative Products Inc incurred the following costs (in alphabetical order) during 2012 related to one of its products: Administrative costs $ 2,000 Advertising costs 1,000 Direct material used 8,000 Direct labor 20,000 Factory equipment depreciation
1,000 Factory rent 5,000 Indirect labor 3,000 Indirect materials 2,000 During the year, 3,000 units were produced out of which 2,750 units were sold for $30 each. Required: A. Calculate the total product costs incurred for the year. B. What is the product cost per unit? C. What is cost of goods sold for the year? D. What is net operating income for the year? (Ignore taxes)
A new store location being announced in an advertisement is an example of a reminder advertisement
Indicate whether the statement is true or false
________________ is a conflict management strategy that attempts to adjust one’s views to play down differences between parties.
a. Compromise b. Accommodation c. Avoidance d. Competition