Question: 2.1 I'll be listing all the Why? here: a. The event impacts a financial statement element, Its an external event, or Its seperate from its
2.1
I'll be listing all the "Why?" here:
a. The event impacts a financial statement element, Its an external event, or Its seperate from its owner
b. One party to the contract needs to preform its reaponsibility, It can be recorded and reported, or Its a transaction
c. The event impacts a financial statement element, Its an external event, or Its separate from its owner
d. The event impacts a financial statement element, Its an external event, or Its separate from its owner
e. Does not affect tge overall common stock of the company, Its an external event, or Its a transaction
f. The event impacts a financial statement element, Its an external event, or Its separate from its owner
Required: 1. Conceptual Connection: For each of the events, identify which ones qualify for recognition in the financial statements. 2. Conceptual Connection: For events that do not qualify for recognition, explain your reasoning
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