Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Is it a must to disclose unrealized profit in a notes of audited report? Under which accounting standard that we need to do so?

Is it a must to disclose unrealized profit in a notes of audited report? Under which accounting standard that we need to do so?

Step by Step Solution

3.51 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

The disclosure of unrealized profits in the notes to audited financial statements is generally not m... 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

Introduction to Governmental and Not for Profit Accounting

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

7th edition

9780132776073, 132776014, 978-0132776011

More Books

Students also viewed these Accounting questions

Question

3. What are the two purposes of malpractice actions?

Answered: 1 week ago

Question

Define an agency relationship.

Answered: 1 week ago