Define special purpose entity (SPE)

Q: related party transactions

A: Option a is wrong because the outstanding balance with the related parties and their terms and…

Q: Requirements:

A: The percentage of completion method is a revenue recognition accounting concept that evaluates how…

Q: Define specific identification

A: Method of Inventory: Inventory refers to the current assets that a company expects to sell during…

Q: Describe the purpose of the AICPA. What is the AICPA’s primary function?

A: The American Institute of CPA (AICPA) is a non-profit organization of Certified Public Accountants…

Q: Differentiate between essential and nonessential activities.

A: Production: Production activity consist use of fixed and variable resources to produce final…

Q: Explain the purpose of the conceptual framework.

A:

Q: Define tangible.

A: Tangible means anything that can be touched and  seen.

Q: Define covenant

A: Answer: Covenant is a way to regulate the usage of property. This is an agreement made in the…

Q: Define rights offering

A: A rights offering is an offer made by a Company to issue additional stock to the existing…

Q: agency problem

A: The concept of Agency is established between two persons, i.e. a principal and an agent. The…

Q: e and explain activities alonc n them in det core activity.

A: Value chain refers to the concept which elaborates the range of activities involved in transforming…

Q: Define agency conflict

A: Agency conflict denotes to the conflicts that arise between the agent and Principal. In the finance…

Q: purpose of FA

A: FASB stands for Financial Accounting Standards Board. It is a non-profit organization that follows…

Q: Define Franchise.

A: There are several forms of business like the sole proprietorship, partnership and corporation which…

Q: Define the term realization principle.

A: Accounting: Accounting refers to the information system, where the economic activities of a…

Q: Define and explain the significance of the term CMA.

A: Certified Management Accountant (CMA): CMA stands for certified management accountant. CMA…

Q: Define regulation D

A: The Accounting Standards are specific set of principles and procedures set by the authorized bodies…

Q: Explain the status and purpose of the Conceptual Framework.

A: Solution The purpose of conceptual framework for financial reporting is to assist the IASB in the…

Q: Explain FLSA and its purpose.

A: FLSA stands for fair Labor Standards Act. It is an act that aims at protecting the interest of…

Q: Define classified boards

A: In classified board structure, certain board of directors are classified depending on time length of…

Q: Purpose of the Codification project.  Name some pros and cond

A: The answer is stated below:

Q: termine ACA and TCSA of the entity? Provide example to explain your answer.​

A: ACA and TCSA-: The capital profit (made in the CGT incident L3) is comparable to the difference…

Q: Prepare an inc

A: In this problem we need to calculate operating income from the given…

Q: e applicable to the pla

A: A statement showing the item-wise amount of all the money received by an individual from the…

Q: Define charter

A: Introduction: Charters are legalized documents that lawfully set up corporate companies. Only…

Q: What is full form of CIP? Explain about it.

A: Carriage and Insurance Paid to is the full form of CIP

Q: Describe the primary roles of the PCAOB.

A: PCAOB indicates to a non-profit organization stated in US and set up by Sarbanes-Oxley Act in…

Q: What is consignment

A: Consignment is a form of arrangement between two parties in which one party sends goods to another…

Q: arise by ratificatio

A: Agency by Ratification is defined as where someone approves or accepts of some one else's deeds on…

Q: To incorporate,

A:

Q: Identify special issues related to LIFO.

A: LIFO (Last in First out): In this method, the units bought last are sold first. In other words, in…

Q: Define collection policy

A: Introduction: A mutual responsibility between the operating departments, accounts receivables is to…

Q: Differentiate essential and non essential activities.

A: There are various types of activities that are performed in an organization in order to achieve the…

Q: Explain consignment arrangement with example.

A: Goods in transit: Goods in transit can be described as the inventories which are shipped by the…

Q: Define the term understand ability.

A: The financial information refers to the data related to the monetary transactions of the business.…

Q: Define agency cost or problem

A: Agency problem is that problem which is a conflict of interest in a relationship where one side…

Q: Define vesting

A: The process by which a secured the right of present or future deployment is given to the holder…

Q: What are support events?

A:

Q: Define consol

A: consol is a debt instrument.

Procedural Coding: CPT and HCPCS

Computer hardware and accessories nowadays support various types of coding for a variety of purposes. Procedural coding is a straightforward process that combines several steps of a calculative sequence to achieve the desired result. It is a type of medical classification that aids in the identification of specific surgical, medical, or diagnostic procedures. It begins as soon as a patient enters the premises of a healthcare provider. These coding systems have significantly aided the process of insurance claims and billing.