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Required: Answer with supporting information from 10K report. When is sales revenue recognized and does it include sales tax? What is the amount of long-term
Required:
Answer with supporting information from 10K report.
- When is sales revenue recognized and does it include sales tax?
- What is the amount of long-term debt and how much (in millions) is due in the year 2024?
- What is the measurement basis of assets and liabilities that are not subject to fair value adjustments?
- Is the Family Dollar trade name amortized?
- What is the depreciation method for Property, plant and equipment?. What are the useful lives of Furniture, fixtures and equipment?
- What are considered cash equivalents?
- Recently, Dollar Tree Inc. management has expressed concerns over an activist investor who owns approximately 5.7% of the outstanding common stock. If this investor asks Dollar Tree Inc. to record his personal living costs as expenses of Dollar Tree Inc., explain what accounting assumption will be violated?
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
