Disclose any information about the transaction, Accounting Basics

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Disclose any information about the transaction

If the transaction is with a consolidated affiliate, it must be eliminated from the consolidated statements. Does it mean the company should not even disclose any information about the transaction in its footnote? Basically, the public will not know anything about it.

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Accounting Basics: Disclose any information about the transaction

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Accounting Basics: Disclose any information about the transaction

Reference No:- TGS0680760

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : The cost of the land that should be recorded by wilson

Q : Mean and standard deviation of probability distribution

Q : Discuss the implications for the company

Q : How would you go about determining the value of the assets

Q : Disclose any information about the transaction

Q : Explain whether item reflected in financial statements

Q : Calculate the cost per equivalent unit

Q : Receipt of first semiannual interest amount on december

Q : Brief description of the codes to implement the method

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Disclose any information about the transaction

Reference No:- TGS0680760

Recent Questions Asked Accounting Basics

Q : The cost of the land that should be recorded by wilson

Q : Mean and standard deviation of probability distribution

Q : Discuss the implications for the company

Q : How would you go about determining the value of the assets

Q : Disclose any information about the transaction

Q : Explain whether item reflected in financial statements

Q : Calculate the cost per equivalent unit

Q : Receipt of first semiannual interest amount on december

Q : Brief description of the codes to implement the method

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