{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-14T00:10:02-04:00", "answer_date": "2024-09-14 00:10:02", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10723324", "url": "\/study-help\/questions\/required-for-each-of-the-items-noted-below-indicate-the-10723324", "question_creation_date_js": "2024-09-14T00:10:02-04:00", "question_creation_date": "Sep 14, 2024 12:10 AM", "meta_title": "[Solved] Required: For each of the items noted bel | SolutionInn", "meta_description": "Answer of - Required: For each of the items noted below, indicate the appropriate treatment for the year endios December 31, 2023. | SolutionInn", "meta_keywords": "required,items,noted,below,treatment,year,endios,december,31,2023,clicking,dragging", "question_title_h1": "Required: For each of the items noted below, indicate the appropriate treatment for the year endios December 31, 2023. by clicking and dragging either A", "question_title": "Required: For each of the items noted below, indicate the appropriate treatment", "question_title_for_js_snippet": "Required For each of the items noted below, indicate the appropriate treatment for the year endios December 31, 2023 by clicking and dragging either A Dor Ninto the blank box Choices A, D, and N can be found at the very end of the question The letters stand for A Adjust the financial statements for 2021 and disclose the event in a note D Disclose the event only in a note to the financial statements in 2021 without making an adjustment entry N Neither an adjustment nordisclosure is needed for 2021 Items noted in 2022, after the December 31, 2021 fiscal year had ended 1 The company's employees went on strike on February 2, 2022 and no settlement has yet been reached 2 A large factory was significantly damaged by an earthquake on January 27, 2022 3 A customer who owed Apple Co $100,000 since December 11, 2021 went bankrupt on February 11, 2022 Apple Co expects to receive nothing and no bad debt expense was originally recorded as of December 31, 2021 4 A lawsuit filed on July 3, 2021 against Apple Co was settled out of court on April 25, 2022 for $75,000 No loss was recorded originally in 2021 5 Apple Co issued $500 000 of common shares on March 2, 2022", "question_description": "
\"image <\/div><\/div> Required: For each of the items noted below, indicate the appropriate treatment for the year endios December 31, 2023. by clicking and dragging either A Dor Ninto the blank box. Choices A, D, and N can be found at the very end of the question. The letters stand for A - Adjust the financial statements for 2021 and disclose the event in a note. D - Disclose the event only in a note to the financial statements in 2021 without making an adjustment entry. N- Neither an adjustment nordisclosure is needed for 2021. Items noted in 2022, after the December 31, 2021 fiscal year had ended: 1. The company's employees went on strike on February 2, 2022 and no settlement has yet been reached. 2. A large factory was significantly damaged by an earthquake on January 27, 2022 3. A customer who owed Apple Co. $100,000 since December 11, 2021 went bankrupt on February 11, 2022 Apple Co. expects to receive nothing and no bad debt expense was originally recorded as of December 31, 2021 4. A lawsuit filed on July 3, 2021 against Apple Co. was settled out of court on April 25, 2022 for $75,000. No loss was recorded originally in 2021. 5. Apple Co. issued $500.000 of common shares on March 2, 2022", "transcribed_text": "", "related_book": { "title": "Managerial Accounting", "isbn": "978-0073379616, 73379611, 978-0697789938", "edition": "13th Edition", "authors": "Ray H. Garrison, Eric W. Noreen, Peter C. Brewer", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/25.jpg", "uri": "\/textbooks\/managerial-accounting-13th-edition-25", "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-14 00:10:02", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/statistics-principles-and-methods\/358-2005-was-a-record-year-for-hurricane-devastation-2011532", "description": "=+3.58 2005 was a record year for hurricane devastation in the United States (San Luis Obispo Tribune, November 30, 2005). 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