Question: Explain subsequent event and why these are important? Explain with the help of example

Explain subsequent event and why these are important? Explain with the help of example

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Subsequent events refer to events or transactions that occur after the balance sheet date but before the financial statements are issued or available to be issued These events can have a significant i... View full answer

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 Finance Questions!

Explain audit reporting and why these are important? Explain with the help of example

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Case Study: Quick Fix Dental Practice Technology requirements Application must be built using Visual Studio 2019 or Visual Studio 2017, professional or enterprise. The community edition is not...

Explain Audit assertions and why these are important? Explain with the help of example.

Explain Audit procedures and why these are important? Explain with the help of example

Answer the following questions: 1. What is the difference between a functional requirement and a non-functional requirement? Provide an example of each. 2. Explain why non-functional requirements may...

4 easy accounting questions and a comfortable due date. Sorry I can't offer any more tutor credit. Thanks in advance! :-) Question 1: A few years ago, a publishing company in the fourth quarter had a...

Please help me to answer the attached files ................................... INVESTMENT AND PORTFOLIO MANAGEMENT COURSE ASSESSMENT 1 Submission deadline without penalties is 12 October 2017....

An audit strategy can take A. a reliance on procedures approach, a substantive app B. a reliance on controls approach, a subst C. neither a reliance on controls appr D. an approach whereby only...

contributed articles DOI:10.1145/ 2602574 How to use, and influence, consumer social communications to improve business performance, reputation, and profit. BY WEIGUO FAN AND MICHAEL D. GORDON The...

In Case Study 1.1, Lee Salk did an experiment to see if hearing the sound of a human heartbeat would help infants gain weight during the first few days of life. By comparing weight gains for two...

Fifteen Georgia peanut-producing counties were randomly identified, and the 2008 peanut-yield rate, in pounds of peanuts harvested per acre, was recorded. Use the sign test to determine the 95%...

Express the following in terms of x without natural logs . ( a ) l n e 2 x = ( b ) e l n ( 3 x 2 ) = ( c ) l n ( 1 e 4 x ) = ( d ) l n e x 2 =

Vernon Manufacturing Company was started on January 1, Year 1, when it acquired $3,600 cash from the issue of common stock. During the first year of operation, $2,400 of direct raw materials was...

Crane Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed price contract for $2.9 million beginning September 1, 2020, to build a road for a municipality. It...

Congratulations, you were hired as a financial analyst for United Cruises following your studies at the University of Technology Sydney. United Cruises is a cruise ship service provider in the...

7 a) A double acting reciprocating pump, running at 200 RPM delivers 0.035 m/sec of water. The diameter of the 5 piston is 200 mm and the stroke length is 500 mm. Determine theoretical discharge,...

What is the consequence for earnings manipulation?Question 10 options:Lack of comparability between company financial statements.Artificial increases in stock values.A decrease in the reliability of...

More than 3,000 people work for the Zoological Society of San Diego, a nonprofit organization that operates the San Diego Zoo, the San Diego Zoos Wild Animal Park, and San Diego Zoos Institute for...

To live a healthier life, medical professionals say we need to identify those things we currently do that either impair or contribute to our health. Prepare a list of those activities you do that are...

a. What are some of the actions being taken by unions to cope with the contemporary challenges they face? b. How can companies respond to the labor changes that result from increased technology and...

What is meant by the term lead time service leave Generally speaking, how is lead time service level related to the amount of safety' stock held?

What are some ways that a company can reduce its needs for inventories?

Question What are the advantages and disadvantages of opening up a Louisville warehouse/distribution centre versus shipping via courier from Halifax (within 20 km of Bedford)? In the late 1990s,...