Explore BrainMass
Share

Explore BrainMass

    Codification database (https://asc.fasb.org)

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    2. Access the codification database (https://asc.fasb.org) give a summary (1 paragraph) of each of the below references:

    a. ASC 830-230-55-1

    b. ASC 926-330-35-1

    c. ASC 954-440-25-2

    d. ASC 505-20-50-1

    e. ASC 710-10-05-6.

    © BrainMass Inc. brainmass.com October 10, 2019, 8:07 am ad1c9bdddf
    https://brainmass.com/business/finance/codification-database-608680

    Solution Preview

    The response addresses the query posted in 531 words with APA References.

    //Accounting Standards Codification (ASC) provides a number of codes that are applied to the preparation and presentation of financial statements. In the following paragraphs, we have discussion a brief over ASC 830-230-55-1, ASC 926-330-35, ASC 954-440-25-2, ASC 505-20-50-1, and ASC 710-10-05-6 in terms of calculation of amount and follow-up of provisions of accounting standards for fair presentation of the financial statements.//

    a. ASC 830-230-55-1

    This reference shows the preparation and presentation of cash flow statement for manufacturing units that have foreign operations. This reference deals with the accounting and formatting of reconciliation of net income to net cash flows from operating activities with the detailed description of relevant data and information for the purpose of meaningful and useful presentation. This reference deals with the presentation of operating activities with regard to operating income and operating cash flows in order to understand the factors that create ...

    Solution Summary

    The expert accesses the codification database for a given summary. The response addresses the query posted in 531 words with APA References.

    $2.19