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4 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Which disclosures are treated with INTRAPERIOD tax allocation |
Discontinued operations (income statement) OCI (AOCI, found on special OE) Adjustment for retroactive accounting principles (R/E) Prior-period adjustments (R/E) |
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How is prior period adjustment treated |
Adjustment to R/E |
Treated as a correction of accounting errors affecting the income of prior years |
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How is retroactive changes in accounting principle treated |
As a direct adjustment to retained earnings |
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Freight out or delivery is part of what kind of expense |
Selling expense |
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