Question

In: Accounting

Which of the following is not required to be disclosed? Significant account policies Guaranteed debt Five...

Which of the following is not required to be disclosed?

Significant account policies

Guaranteed debt

Five year projections

Nature of business

Net sales

Solutions

Expert Solution

Future forecasts are generally not disclosed by any organisation either to their clients or customers. Because it is the estimated figures projected by the management for their future business plan.


Related Solutions

A summary of the company’s significant accounting policies is a required disclosure. Why is this disclosure...
A summary of the company’s significant accounting policies is a required disclosure. Why is this disclosure important to external financial statement users?
The Dumbledore Group disclosed the following analysis of its account receivable as at December 31, 2019....
The Dumbledore Group disclosed the following analysis of its account receivable as at December 31, 2019. Aged Account Receivable Amount % Probably Uncollectible Not past due $11,801 1% Past due 1-30 days 851 5% Past due 31-60 days 254 10% Past due 61-90 days 108 20% Past due 91-120 days      60 30% More than 120 days 737 40% Total amount                               $13,811 At January 1, 2019, the allowance for doubtful accounts had a balance of $377. If adjusting entries relating to...
You are required to write 4 significant JUnit tests for the Account class outlined below taking...
You are required to write 4 significant JUnit tests for the Account class outlined below taking into account the specifications below. Your code must include 3 negative test cases. Specifications for the Account class: The constructor takes as arguments the name, ID and the initial balance. The withdrawn method allows any specified amount between $20 and $1000 to be withdrawn but the withdrawn amount cannot exceed the current balance. The withdraw method is expected to throw the AmtTooLow exception if...
Which of the following polynomials is guaranteed by the Intermediate Value Theorem to have a zero...
Which of the following polynomials is guaranteed by the Intermediate Value Theorem to have a zero on the interval [−3,−2] ? Select the correct answer below: a) f(x)= x 2 −2x g b) (x)=3 x 2 +3x−7 h c) (x)=− x 2 +3x−3 j d ) (x)=4 x 2 −2x−1 Please help explain how to get the answer..? and which one is the correct answer?
Many governments have created policies on which travelers are required to be in quarantine hotels that...
Many governments have created policies on which travelers are required to be in quarantine hotels that they managed, some policies on which stipulates that they pay the cost of what they consume while they are in quarantine, some don't. Can we consider it a negative externality, if taxpayers of the said country pay for the traveler's costs, for those countries who do not require travelers to pay for their quarantine since it is the cost imposed on the society even...
Which trend was the most significant in the lecture by Dominic Barton's "five trends reshaping the...
Which trend was the most significant in the lecture by Dominic Barton's "five trends reshaping the global economy"?
which of the following mortgages pools are guaranteed by the US government ? a)FHA loans b)FHLMC...
which of the following mortgages pools are guaranteed by the US government ? a)FHA loans b)FHLMC conventional loans c)FNMA conforming loans d) private Mortgage insurance (PMI)loans
The 12/31/17 balance in the prepaid insurance account is composed of the following policies:
The 12/31/17 balance in the prepaid insurance account is composed of the following policies:                                  Coverage                                                                                           Period                                                   Amount                              1/1/17-12/31/18                                              $8,368                              6/1/17-11/30/18                                                4,800                              12/1/17-5/31/18                                                2,000Prepare the adjusting journal entry for 12/31/17
Express the result, taking into account the following: A three significant figures With the right unit...
Express the result, taking into account the following: A three significant figures With the right unit 1) 50.0 mL of a solution contains 0.0285 moles of AgNO3. Calculate Molarity for a solution 2) A sample of 0.00116 moles of NaCl is placed in a volumetric flask and water is added to dissolve it up to 25.0 mL. Calculate the Molarity of the solution. 3) Determine the molarity for a NaCl solution, whose volume is 0.01006 L and the amount of...
Required information [The following information applies to the questions displayed below.] Account No. Account Title (1)...
Required information [The following information applies to the questions displayed below.] Account No. Account Title (1) Cash (2) Service Revenue (3) Accounts Receivable (4) Salaries Expense (5) Dividends (6) Common Stock (7) Salaries Payable (8) Retained Earnings Which of the following is a true statement? (Note: A statement may be true even if it does not identify all accounts that appear on that particular financial statement.) Multiple Choice Account numbers 2, 4, and 5 will appear on the income statement....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT