What is a discontinued operation? and what is the correct accounting treatment? Explain
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What is a discontinued operation? and what is the correct accounting treatment? Explain
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- Indicate if it is an accounting mistake and provide an explanation for why it is or is not.What are some of the possible costs that could result from a revision of an accounting standard?Of what merit is the contention that the allowance methodlacks the objectivity of the direct write-off method? Discussin terms of accounting’s measurement function.
- why should the allowance for doubtful account and the valuation and qualifying accounts schedule be analyzed?Topic - Violation of Recognition, errors and intentional misstatements Question: Please explain and provide an example of how the Recognition of an expense can be found in the incorrect accounting period.What is a MIS report, why is it prepared?