Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the SAB 74 disclosures prior to the actual adoption, what information did General Dynamics provide with regard to quantitative disclosures of the directional effects

In the SAB 74 disclosures prior to the actual adoption, what information did General Dynamics provide with regard to quantitative disclosures of the directional effects of the adoption of ASC 606 on the company’s total revenues and specific product categories or revenue streams? What was the anticipated date and method of adoption? How did General Dynamics describe the management’s implementation efforts? Did General Dynamics give any reasons for the decision to early adopt? Do you see any other possible factors that led to the early adoption? Explain.

Step by Step Solution

3.38 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

74 SEC Staff Accounting Bulletin SAB 74 codified in SAB Topic 11M Disclosure of the Impact that Recently Issued Accounting Standards will have on the Financial Statements of the Registrant when Adopte... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective

Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw

7th Edition

9780324789423, 324789416, 978-0324789416

More Books

Students also viewed these Finance questions

Question

a. What is the title of the position?

Answered: 1 week ago