GASB requires both extraordinary and special items to be reported separately after other financing sources and uses in the General and Special Revenue fund financial statements.
Answer the following statement true (T) or false (F)
True
Extraordinary and special items are reported separately after other financing sources and uses on the Statement of Revenues, Expenditures and Changes in Fund Balance. Extraordinary items are significant transactions or other events that are both unusual and infrequent. Special items are significant transactions or other events that are either unusual or infrequent but within the control of management.
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Sanford Company reported the following information for the current year:Sales$ 880,000Average operating assets$ 475,000Desired ROI10%Net income$ 90,000Required:Based on this information, calculate the company's residual income.
What will be an ideal response?
When a line is capable of carrying multiple transmissions simultaneously, it is said to be broadband.
Answer the following statement true (T) or false (F)
Because of the nature of vendor-managed inventory,
A. third party logistic companies have become necessary. B. retail buyers and planners no longer need to monitor inventory levels and place orders. C. there are many delays in replenishment as it's not a collaborative approach. D. DCs need to run around the clock as deliveries arrive after hours and on holidays. E. EDI is now obsolete.
An annual sales report covering the Medical Instruments Division, Computer Supplies Division, and Consumer Products Division should be organized by component
Indicate whether the statement is true or false