Definitions.Provide Clear, Concise Answers for the Following

question 137

Essay

Definitions.Provide clear, concise answers for the following.
1. What are revenues?
2. What are expenses?
3. What are gains?
4. What are losses?
5. What are the criteria (in addition to materiality) that must be met to classify an event or transaction as extraordinary?
6. When does a discontinued operation occur?
7. Indicate how earnings per share is computed.
8. State the primary category of prior period adjustments and indicate how they are reported in the financial statements.

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Definitions:

Oval Window

The membrane-covered opening that leads from the middle ear to the vestibule of the inner ear.

Cochlea

A spiral-shaped, fluid-filled inner ear structure responsible for converting sound waves into nerve impulses.

Productivity

The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Company Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business.