For interim financial reporting, an extraordinary gain occuring in the second Q should be
a) recognized ratably over the last three quarters
b) recognized ratably over all four Q, with the first being restated
c) Recognized in the 2nd Q
d) disclosed in a footnote only in the 2nd Q
Ans: c) Recognized in the 2nd Q
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The following is divisional information for EVQ Enterprises
East Division West Division Operating income $250,000 $200,000 Net sales 2,225,000 1,575,000 Total assets at Jan. 1 1,500,000 840,000 Total assets at Dec .31 1,200,000 1,000,000 The target rate of return is 12% for the East Division and is 10% for the West Division. Compute the return on investment for each division. (Round to one decimal place.) What will be an ideal response
What is the purpose of a data warehouse?
A) to obtain secondary data and integrate it with primary data B) to gather and integrate data in a central, accessible location C) to interpret the data obtained D) to prevent the theft of customer data E) to identify and discard outdated data