Which of the Following Items Should Be Disclosed with Interim

question 1

Multiple Choice

Which of the following items should be disclosed with interim data?​

• A)​basic and diluted earnings per share
• B)​contingent items
• C)​changes in accounting estimates
• D)​all of the above

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Definitions:

Restricted Contribution

A donation given to a nonprofit organization with specific conditions attached as to how it can be spent.

Net Asset Balance

The total assets minus total liabilities of a company, showing the net book value of the company's equity.

Restricted Fund Method

An accounting method used by not-for-profit organizations to distinguish between resources that are restricted by donor-imposed stipulations and those that are not.

Internally Restricted

Funds or assets within an organization that are designated for a specific purpose by the entity's management, not external restrictions.