Questions from Financial Accounting

Q: JetBlue's balance sheet and discussion of the new lease standard is as

JetBlue's balance sheet and discussion of the new lease standard is as follows in their 2018 I 0-K: In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) of the Codification, which require...

Q: What are some limitations of consolidated financial statements?

What are some limitations of consolidated financial statements?

Q: Verizon Communications Inc. provides the following balance sheet (excerpted and

Verizon Communications Inc. provides the following balance sheet (excerpted and abbreviated) and discussion and disclosure of leases: The aggregate minimum rental commitments under non-cancelable leas...

Q: What is an unrealized holding gain (loss)? Explain. For

What is an unrealized holding gain (loss)? Explain. For passive investments in equity securities how are unrealized holding gains (losses) treated?

Q: Under Armour, Inc., provides the following disclosure in the notes

Under Armour, Inc., provides the following disclosure in the notes to its 20 18 financial statements: 7. Commitments and Contingencies (excerpts only) Sports Marketing and Other Commitments Within the...

Q: Where are unrealized holding gains and losses related to trading securities reported

Where are unrealized holding gains and losses related to trading securities reported in the financial statements? Where are unrealized holding gains and losses related to available-for-sale securities...

Q: What does significant influence imply regarding financial investments? Describe the accounting

What does significant influence imply regarding financial investments? Describe the accounting procedures used for such investments.

Q: YUM! Brands, Inc., reports the following pension footnote in

YUM! Brands, Inc., reports the following pension footnote in its 10-K report. a. Describe what is meant by service cost and interest cost. b. What is the source of funds to make payments to retirees?...

Q: What is the statement of stockholders' equity? What information is conveyed

What is the statement of stockholders' equity? What information is conveyed in that statement?

Q: On January 1 of the current year, Yetman Company purchases 40

On January 1 of the current year, Yetman Company purchases 40% of the common stock of Livnat Company for $250.000 cash. During the year. Livnat reports $80.000 of net income and pays $60.000 in cash d...