Moontek LLC is into manufacturing cotton textiles. The company reported that it had an OMR 900,000 loan as of the balance sheet date, but the company could not disclose additional information about the loan maturity period and the interest rates applicable for the same in the annual report. The noncurrent assets were stated appropriately considering the depreciation rates useful life, and other asset-relevant data. From the above case which of the following qualitative characteristics is ignored by Moontek LLC. Completeness Neutral Free from error Comparability combor 2019
Moontek LLC is into manufacturing cotton textiles. The company reported that it had an OMR 900,000 loan as of the balance sheet date, but the company could not disclose additional information about the loan maturity period and the interest rates applicable for the same in the annual report. The noncurrent assets were stated appropriately considering the depreciation rates useful life, and other asset-relevant data. From the above case which of the following qualitative characteristics is ignored by Moontek LLC. Completeness Neutral Free from error Comparability combor 2019
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter22: Accounting For Changes And Errors.
Section: Chapter Questions
Problem 10MC: Shannon Corporation began operations on January 1, 2019. Financial statements for the years ended...
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