University of New Haven Financial Statement Business Performance Discussion

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University of New Haven Financial Statement Business Performance Discussion

Business Finance, University of New Haven

University of New Haven Financial Statement Business Performance Discussion

Question Description

a.What is disclosed in an income statement? Be specific.

a.What are the criteria (in addition to materiality) that must be met to classify an event or transaction as extraordinary?

b.When does a discounted operation occur?

c.Indicate how earnings per share is computed.

d.State the primary category of prior period adjustments and indicate how they are reported in the financial statements

a.Explain what working capital is and how it is computed.

b.What are intangible assets?

c.What are current assets?

a.What are Long-term assets?

a.What is Treasury stock and how is it computed?

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