amount of net inventory should Question 10 :
An enterprise must disclose all of the following about each reportable segment if the amounts are used by
the chief operating decision maker , except Question 11 :
Neely Co . disclosed in the notes to its financial statements that a significant number of its unsecured trade
account receivables are with companies that operate in the same industry . This disclosure is required to
inform financial statement users of the existence of Question 12 :
On January 16 , Tree Co . paid $ 60,000 in property taxes on its factory for the current calendar year . On April 2 ,
Tree paid $ 240,000 for unanticipated major repairs to its factory equipment . The repairs will benefit
operations for the remainder of the calendar year . What amount of these expenses should Tree include in its
third quarter interim financial statements for the three months ended September 30 ?
Question 13 :
For interim financial reporting , an extraordinary gain occurring in the second quarter should be