Which of the following is not a required note disclosure related to pension plans under FASB ASC Topic 715?
a. Fair value of plan assets
b. Actuarial discount rate
c. Projected benefit obligation
d. Number of employees covered by the plan
D
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A &D Window cleaning performed $450 of services but has not yet billed customers for the month. If A&D fails to record the adjusting entry, what is the impact on the financial statements?
a. balance sheet: assets understated, equity overstated income statement: expense understated b. balance sheet: liabilities overstated, equity understatedincome statement: revenues understated c. balance sheet: assets overstated, equity understated income statement: expenses understated d. balance sheet: assets understated, equity understated income statement: revenues understated
One of the steps for an oral presentation is to identify and analyze your audience
Indicate whether the statement is true or false