Question: Instructions . Use an appropriate source to identify two firms that recently reported a voluntary change in accounting principle. Answer the following questions with regard

Instructions .

Use an appropriate source to identify two firms that recently reported a voluntary change in accounting principle. Answer the following questions with regard to each of the companies.

(a) What is the name of the company? What source did you use to identify the company?

(b) How did the change impact current earnings?

(c) How will the change impact future earnings?

(d) What rationale did the firm’s management offer for the change? Do you agree with their stated reasons?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Intermediate Accounting Volume 2 Questions!

A large retailer of kitchen appliances has asked you for advice on how much to stock and how to price leftovers of its products. Here's a typical situation: Demand for espresso machines in the...

Hi there I need help answering ASSIGNMENT 1 ONLY by Friday afternoon. I have attached the study pack to help answer the question. Thanks! FIN4802 ASSIGNMENTS ASSIGNMENT 01 Due date: 13 May 2016...

Questions to be answered from the file attached. I have attached both chapters from where you will be answering these. Make sure to answer it thoroughly Chapter12 (page number 215or p 42 of the pdf)...

I need help with following questions from the homework. I have attached the chapters so please see the attached files to answer the following questions specifically. Ch 4 (p 176 of text or p 34 of...

Case 9-2 Continental A.G. Write a report of approximately 750 words that addresses the following points: Examine Continental?s financial statements for unusual accounting practices that may have a...

Q U E S T I O N S 1. Review the terms and concepts listed above in Key Terms and Concepts . 2. Reconcile the following two positions: (1) "Standard-setting bodies need a conceptual framework to guide...

Need help with these discussion postings (in a document) and assignments (all in separate files), all directions are included as well. FINANCE DIRECTIONS Need to provide 1 original post substantial...

ASSUMPTION UNIVERSITY GRADUATE SCHOOL OF eLEARNING Master of Science in Management SCIT Building 9th floor, 88 Moo 8 Bangna-Trad Km 26, Bang Sao Thong, Samutprakarn 10540 Thailand Tel: + 66 2 7232944...

READ THE CASE STUDY BELOW AND ANSWER THE QUESTIONS THAT FOLLOW: You are the audit senior at NewPoint Incorporated ("New Point), a medium-sized audit firm located in the Gauteng. The firm has recently...

Ahmed \\& Aly Income Statement (in thousands EGP) Required: 1) Use the appropriate ratios to identify the capital structure of this company for both 2017 and 2018 and highlight what does this imply...

"DISCUSS THE EFFECTS OF COVID 19 ON LABOR MARKETS AND THE ECONOMY" Provide an introduction and the background of your study, and clearly state what your research question or objective is. What real...

Delmar Foods has two divisions: (1) a Processed Meat Division and (2) a Frozen Pizza Division. Delmars frozen pizzas use processed meat as a topping. The companys Processed Meat Division supplies the...

Jonathan Livingstone Yuppie is a prosperous lawyer. He has, in his own words, outgrown those confining two-commodity limits. Jonathan consumes three goods, unblended Scotch whiskey, designer tennis...

What are non - conventional cash flows? Multole Choice A combination of cash outfiows and infliows. Small infial irvestments and much larger returns. Low cash flows followed by much higher cash flows.

Prepare a comparative horizontal analysis of the change in each current asset account from Year 6 to Year 7. Express each change in dollars and the percentage each change represents. Comment on each...

What is the fair value option? Briefly describe its application to debt investments.

Identify and explain the different types of classifications for equity investments.

i need those 4 numbers 8 Required information [The following information applies to the questions displayed below.) Hudson Company reports the following contribution margin income statement. Part 2...

a. A stock has an annual return of 15 percent and a standard deviation of 63 percent. What is the smallest expected loss over the next year with a probability of 2.5 percent? (A negative value should...

E Question Hello Berco Excavation Consultants began the current year with 32.400 common shares outstanding It issued additional shares of 18.000 and 20.100 on March 1 and Seclambert e ch The company...