DQ 1. What are the different criteria for recognizing
revenue?
DQ 2. What are the differences between regular and
irregular items on an income statement?
DQ 3. What is included in other comprehensive income?
DQ 4. Describe and differentiate the two methods of
recognition revenue before delivery.
DQ 5. Describe the effect of irregular items may have on an
investor’s analysis of a company.
DQ 6. Class it is important that we stay in touch with the
changes that are happening in our profession. Utilize the Financial Accounting
Standard Board’s website to answer the discussion topics provided below.
• Research an ongoing project that the FASB is
involved in. State the current status of the project, when the project is
expected to be completed and provide a brief summary of the nature of the
project.
• Locate an exposure document. Detail the comment
deadline, the nature of the exposure draft and indicate what some of the
comment letter responses have included about the draft.
Resource: WileyPLUS
Access WileyPLUS using the link on the student
website.
Complete the WileyPLUS (Exercise 4-6, Exercise 4-6
(Essay), Exercise 4-16, Exercise 18-12, and Exercise 18-13)
Resource: Learning Team Forum
Write responses to the problems provided.
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