Questions from Financial Reporting


Q: In a transportation firm, what types of things will change operating

In a transportation firm, what types of things will change operating revenues? Operating expenses?

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Q: If a transportation firm shows a rise in revenue per passenger mile

If a transportation firm shows a rise in revenue per passenger mile, what does this increase imply?

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Q: How is the passenger load factor of a bus company related to

How is the passenger load factor of a bus company related to profitability?

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Q: Explain how the publication Financial Analysis of the Motor Carrier Industry could

Explain how the publication Financial Analysis of the Motor Carrier Industry could be used to determine the percentage of total revenue a firm has in relation to similar trucking firms?

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Q: Are annual reports filed with state insurance departments in accordance with U

Are annual reports filed with state insurance departments in accordance with U.S. GAAP?

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Q: The consistency concept requires the entity to give the same treatment to

The consistency concept requires the entity to give the same treatment to comparable transactions from period to period. Under what circumstances can an entity change its accounting methods, provided...

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Q: Annual reports that insurance companies issue to the public are in accordance

Annual reports that insurance companies issue to the public are in accordance with what accounting standards?

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Q: Why could an insurance company with substantial investments in real estate represent

Why could an insurance company with substantial investments in real estate represent a risk?

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Q: For an insurance company, describe the difference between GAAP reporting and

For an insurance company, describe the difference between GAAP reporting and SAP reporting of deferred policy acquisition costs?

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Q: Briefly describe the difference between accounting for intangibles for an insurance company

Briefly describe the difference between accounting for intangibles for an insurance company under GAAP and under SAP?

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