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
Question 14 :
Which of the following factors determines whether an identified segment of an enterprise should be reported in the enterprise ’ s financial statements under ASC Topic 280 , Segment Reporting ?
Question 15 : Opto Co . is a publicly traded , consolidated enterprise reporting segment information . Which of the following items is a required enterprise-wide disclosure regarding external customers ?
Question 16 :
On January 15 , year 1 , Forrester Company paid property taxes on its factory building for calendar year 1 in the amount of $ 60,000 . The first week of April year 1 Forrester made unanticipated major repairs to its plant