Provide some example of items which would be adjusted directly against equity rather than being as part of profit or loss

Q: an investment in equity instrument may not be classified as a financial asset subsequently measured…

A: Solution: An investment in equity instrument may not be classified as a financial asset subsequently…

Q: For fi nancial assets classifi ed as available for sale, how are unrealized gains and losses refl…

A: Shareholder's equity: It is the amount of the money that can be returned to the shareholders and it…

Q: In what way may the use of percentage depletion violatesound accounting theory?

A: Depletion: Depletion is defined as the reduction in the value of natural resources due to its…

Q: What is the difference between accounting under the “partial” equity and “full equity method?

A: The full equity and partial equity method re two of the three main ways of dealing with the…

Q: Why are preferred dividends deducted from net income when calculating EPS? Are there circumstances…

A: Net income is the result of total expenses from the total revenue. EPS is the short form of Earnings…

Q: Comprehensive income does not affect net income or retained earnings. True False

A: Comprehensive income means any change in the net assets of the business during the particular period…

Q: How much gain or loss will Bill recognize on the distribution? What is Bill's basis in the inventory…

A: The calculation of gain or loss on distribution and basis in inventory and capital asset is shown…

Q: Leftover hypothesis of profit is relevant just when:    a. The expense of held income lower than…

A: The leftover hypothesis of Profit means remaining profit i.e. profit left over after paying all the…

Q: Which one does not decrease retained earnings? Net loss Net income Appropriation Dividends

A: The correct option in the given question is: NET INCOME

Q: some examples of items that would be adjusted directly against equity, rather than being included as…

A: The items included in other comprehensive incomes are not considered under profit or loss account…

Q: Provide some examples of items that would be adjusted directly against equity, rather than being…

A: Shareholder’s equity: The amount remaining after subtracting company long term and short term…

Q: Provide some examples of items that would be adjusted directly against equity, rather than being…

A: Shareholder’s equity: The amount remaining after subtracting company long term and short term…

Q: Why dividends are not deductible?And what could be the order of priority regarding income and assets…

A: Dividends: It refers to the that part of the profit that is given to common shareholders. It is…

Q: Earnings and profits are conceptually similar to retained earnings.     A distribution from…

A: The dividend can be paid either from current earnings and profits or from the accumulated earnings…

Q: In accounting, we usually use historical cost (i.e. original price) on the balance sheet. However,…

A: Investment in equity securities is the current or non-current investment made by the firm in the…

Q: Provide some examples of items that would be adjusted directly against equity, rather than being…

A: Components of equity that are a part of the balance sheet are as follows: Common stock Additional…

Q: Provide some examples of items that would be adjusted directly against equity, rather than being…

A: Examples of items that would be adjusted directly against equity, rather than being included as part…

Q: why the company logo is an asset? what does mean by retained earning (when it is not distributed as…

A: Logos are intangible assets of a company. Intangible assets provide value to a company because they…

Q: Provide some instances of things that would be adjusted directly against equity rather than being…

A: This question explained about give examples of items that might be adjusted against equity rather…

Q: Provide an example of items that would be adjusted directly against equity rather than being…

A: Stockholders’ equity: The claims of owners on a company’s resources, after the liabilities are paid…

Q: When an irrecoverable debt recovered is not adjusted for: Mutple Choice Profits are overstated and…

A: Profit is overstated means the amount recorded is greater than the actual amount and current assets…

Q: Under PAS 1, which of the followingitem is not included in the computation of profit?     Finance…

A: PAS 1 :           It is an accounting standard under Philippines Accounting Standards, the standard…

Q: The account Unrealized Gain (Loss) on Trading Investments should be included on the

A: Unrealized gains and losses: These are gains and losses which are unrealized and are the result of…

Q: Provide some examples of items that would be adjusted directly against equity, rather than…

A: There are certain items that are directly adjusted to equity rather than recognized in the profit…

Q: cost of holding inventory *

A: 1st answer :- Cost of Debt 2nd answer :- Carrying cost

Q: Provide some examples of items that would be adjusted directly against equity, rather than being…

A:

Q: Which of the following statements is/are true about contingent consideration under the revised PFRS…

A: solution concept as pe the provision of PFRS 3 business combinations contingent consideration can be…

Q: Provide some examples of items that would be adjusted directly against equity, rather than being…

A: Following are the example of items that are adjusted directly against equity, rather than being…

Q: For fi nancial assets classifi ed as available for sale, how are unrealized gains and losses refl…

A: The unrealized gains and losses are realized as Uncomprehensive Income. It’s a line item which…

Q: The difference between the carrying amount of a financial liability extinguished and the…

A: Liability means the amount which is to be paid to an outsider by business.

Q: How are paid-in-capital and retained earnings: Similar? Different?

A: The answer is as fallows

Q: Any gain or loss on the restatement of non-monetary items is included: In the profit or loss,…

A:

Q: Discuss, using practical why capital ratio is used to share a loss on realization

A: The ratio is used because the partners having more capital is liable for more loss and the partner…

Q: Net capital gain means the excess of the gains from sales of exchanges of ordinary assets over…

A: Capital gain can be defined as the increase in the value of the capital asset. When the selling…

Q: Provide some examples of items that would be adjusted directly against equity, rather than being…

A: Stockholders’ equity: The claims of owners on a company’s resources, after the liabilities are paid…

Q: For fi nancial assets classifi ed as held to maturity, how are unrealized gains and losses refl…

A: Trading securities are debt or equity assets that management expects to aggressively sell for gain…

Q: Why are claims on income discretionary with equityfinancing but nondiscretionary with debt…

A: Liability: In monetary bookkeeping, a liability is characterized as the future penances of financial…

Q: What factors should be consi

A: Debenture   A debenture is a type of debt instrument unsecured by collateral. Since debentures…

Q: Is unrealized loss deducted in marketable equity securities held as financial asset at fair value…

A: Yes ,unrealized loss reported  as component of other comprehensive income and marketable equity…

Q: What is the fair-value option for reporting equity method investments? How do the equity method and…

A: Investment: It refers to the process of using the currently held excess cash to earn profitable…

Q: unlike depreciation and retained earnings, the interest expense does not have to directly tie on any…

A: Depreciation is shown both under the balance sheet and the income statement. Retained earnings are…

Q: provide some examples of items that would be adjusted directly against equity, rather than being…

A: Shareholder's equity:   The amount remaining after subtracting company long term and short term…

Q: For fi nancial assets classifi ed as available for sale, how are unrealized gains and losses refl…

A: All assets purchased with an intention of sale and not for the purpose of operational utility are…

Q: Provide some examples of items that would be adjusted directly against equity, rather than being…

A: Shareholder's equity:   The amount remaining after subtracting company long term and short term…

Q: Describe the accounting problems associated with interest capitalization.

A: Interest capitalization: Capitalization interest is the cost of funds that are used to finance for…