FAR 12/13/19

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Accumulated other comprehensive income or loss is an equity account that accumulates the total other comprehensive income (OCI) for a period. OCI includes all items of comprehensive income not included in net income. Items of OCI include, among others,

1)--------------------

2) -------------------------

3)-----------------------

4)--------------------------

Accumulated other comprehensive income or loss is an equity account that accumulates the total other comprehensive income (OCI) for a period. OCI includes all items of comprehensive income not included in net income. Items of OCI include, among others,

1)Unrealized holding gains and losses on available-for-sale debt securities

2) Gains and losses on derivatives designated and qualifying as cash flow hedges

3) Certain amounts associated with recognition of the funded status of post retirement defined benefit plans

4)Certain foreign currency items
Items included in the determination of taxable income may be presented in different sections of the financial statements. Accordingly, intraperiod tax allocation is required. Income tax expense or benefit is allocated to
(1) --------------------------,
(2) -----------------------------,
(3) ----------------------------, and
(4) --------------------------------.
- Items included in the determination of taxable income may be presented in different sections of the financial statements. Accordingly, intraperiod tax allocation is required. Income tax expense or benefit is allocated to
- (1) continuing operations,
- (2) discontinued operations,
- (3) other comprehensive income, and
- (4) items debited or credited directly to shareholders’ equity.
--------------------------- refers to the distribution of income taxes to specific irregular items appearing in a financial statement. ------------------------------- occur within a given accounting period and allow the reader to understand the income tax implication of the irregular item.

intraperiod tax allocation refers to the distribution of income taxes to specific irregular items appearing in a financial statement. Intraperiod tax allocations occur within a given accounting period and allow the reader to understand the income tax implication of the irregular item.
An accrued expense can best be described as an amount

Not paid and currently matched with earnings.
An accrued expense has ----------------------------------------.

An accrued expense has been incurred but not paid.
Comprehensive Income is ----------------------------

Comprehensive Income is the periodic change in equity of a business entity from non-owner sources.
According to the FASB’s conceptual framework, an entity’s revenue may result from a(n)

Decrease in a liability from primary operations.
------------------------ are inflows or other enhancements of assets or settlements of liabilities from activities that constitute the entity’s ongoing major or central operations.

Revenues are inflows or other enhancements of assets or settlements of liabilities from activities that constitute the entity’s ongoing major or central operations.
Form 10-Q is the quarterly report to the SEC. It must be filed within ------ days after the end of the period by large accelerated filers and accelerated filers.

Form 10-Q is the quarterly report to the SEC. It must be filed within 40 days after the end of the period by large accelerated filers and accelerated filers.
Form 10-Q is the quarterly report to the SEC. It must be filed within 40 days after the end of the period by --------------------------------------------------.

Form 10-Q is the quarterly report to the SEC. It must be filed within 40 days after the end of the period by large accelerated filers and accelerated filers.

Author

Joens1313

349995

Card Set

FAR 12/13/19

Description

FAR 12/13/19

Updated

2019-12-13T21:44:11Z