Questions from Intermediate Accounting

Q: Explain the meaning of the following terms: (a)

Explain the meaning of the following terms: (a) Commonsize analysis, (b) Vertical analysis, (c) Horizontal analysis, (d) Percentage analysis.

Q: When interest is involved in installment-sales transactions, how should

When interest is involved in installment-sales transactions, how should it be treated for accounting purposes?

Q: Why didn’t the FASB cover both types of postretirement benefits—pensions

Why didn’t the FASB cover both types of postretirement benefits—pensions and healthcare—in the earlier pension accounting rules?

Q: What are the major differences between postretirement healthcare benefits and pension benefits

What are the major differences between postretirement healthcare benefits and pension benefits?

Q: Presently, the profession requires that earnings per share be disclosed on

Presently, the profession requires that earnings per share be disclosed on the face of the income statement. What are some disadvantages of reporting ratios on the financial statements?

Q: In preparation for significant international operations, ABC Co. has adopted

In preparation for significant international operations, ABC Co. has adopted a plan to gradually shift to the same accounting methods as used by its international competitors. Part of this plan includ...

Q: On January 1, 2012, Lesley Benjamin signed an agreement to

On January 1, 2012, Lesley Benjamin signed an agreement to operate as a franchisee of Campbell Inc. for an initial franchise fee of $50,000. The amount of $10,000 was paid when the agreement was signe...

Q: How should the results of installment sales be reported on the income

How should the results of installment sales be reported on the income statement?

Q: What is the difference between the APBO and the EPBO? What

What is the difference between the APBO and the EPBO? What are the components of postretirement expense?

Q: At what time is it proper to recognize income in the following

At what time is it proper to recognize income in the following cases: (a) Installment sales with no reasonable basis for estimating the degree of collectibility? (b) Sales for future delivery? (c) Mer...