You will increase the period's earnings because as a product costs, they may not be reported in the same period. Changing period costs to product costs improves how a company looks on paper, but does nothing for their actual financial position.
By definition the time period assumption presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. Answer is Time period assumption
The journal entries for different time periods are recorded as the following: 1 - When the dividend is declared: [Debit] Retained Earnings XXXX [Credit]Dividend Payable XXXX 2 - When the dividend is paid: [Debit] Dividend Payable XXXX [Credit] Cash/bank XXXX
Company should adjust its financial statements for each prior period presented. Thus, financial statement info about prior periods will be on the same basis as the new accounting pricipal. It adjusts the carrying amounts of assets and liabilites as of the beginning of the first year presented. It will reflect the cumulative effect on prior periods. Company should also adjust an opening balance of retained earnings or net assets as of the beginning of the first year presented.
If total liabilites increased would assests or stockholders equity?
Biweekly.
Prior period adjustments are reported as an adjustment to the retained earnings account in the statement of retained earnings. This is done to correct errors in the financial statements that occurred in previous periods.
Prior period adjustments are typically reported in the statement of retained earnings, which shows the changes in retained earnings over a specific period. They are used to correct errors in the financial statements from prior periods and ensure the accuracy of the financial information presented.
the principal energy levels of valence electrons increase.
The accruals concept of accounting states that transactions are to be recognised when they occur, and reported in the periods to which they relate.
during periods of inflation tax rates sholkd
Yes
The key question is "Is this real sustainable earnings?" (high quality) or is it earnings due to some accounting quirk or one-time event which would not be expected to continue in future periods? Is it even honest reporting or were the books adjusted to make management look good and achieve desired bonuses?
Because trees died.
Financial leverage means the use of borrowed money to increase production volume, and thus sales and earnings.It is measured as the ratio of total debt to total assets. The greater the amount of debt, the greater the financial leverage.Since interest is a fixed cost (which can be written off against revenue) a loan allows an organization to generate more earnings without a corresponding increase in the equity capital requiring increased dividend payments(which cannot be written off against the earnings).However, while high leverage may be beneficial in boom periods, it may cause serious cash flow problems in recessionary periods because there might not be enough sales revenue to cover the interest payments.Called gearing in UK.
A UCR-reported murder rate of 9.0 means there were 9 murders reported for every 100,000 individuals in the population. This rate provides a standardized measure to compare murder rates across different regions or time periods.
It is a record of all the earnings and deductions an employee had for a specific period of time. The record has information pertaining to pay rate, paid hours, type of pay, what deductions were taken from pay such as taxes and deductions. It also contains dates of pay periods and pay dates.
Under periods of marshall law or invasion