Briefly explain the purpose of the disclosure note
1.) Briefly explain the purpose of the disclosure note on significant accounting policies. Provide two examples of what might be found in this note.
2.) Briefly explain what is meant by a subsequent event. Give two examples of subsequent events.
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If Horicon uses the equity method to account for its investment, the balance in the investment account on December 31, 2012, will be?
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Briefly explain the purpose of the disclosure note on significant accounting policies. Provide two examples of what might be found in this note.
he accounts receivable account includes $20,000 due in three years from officers and employees and a two-year, 8% note for $25,000 due from a customer. The loan enabled the customer to buy equipment needed to process materials purchased from Ellie
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On February 2, the corporation purchased goods from Martin Company for $70,000 subject to cash discount terms of 2/10, n/30. Purchases and accounts payable are recorded by the corporation at net amounts after cash discounts. The invoice was paid o
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