Question
TRUE/FALSE ____8. Corrections of significant errors of past periods are charged or credited directly to the Retained Earnings account. ____9. Corporations with simple capital structures
TRUE/FALSE
____8. Corrections of significant errors of past periods are charged or credited directly to the Retained Earnings account.
____9. Corporations with simple capital structures (only Common Stock issued need not present Earnings per Share calculation for common stock must present earnings per share figures for both their common stock and their preferred stock.
___10. When assets are invested in a partnership, they should be recorded in the accounting records at their agreed upon current fair value.
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
