Answers must be at least 90 words. No plagiarism, no grammar error, no overdue1. How
many of you are following the face book controversy with the release private
information? How will this affect their accounting? Or will it?http://money.cnn.com/2018/04/04/technology/mark-zuckerberg-testify-congress/index.html2. What is the basis for distinguishing between operating and
non operating items on the financial statements? Why is this important to
an investor?3. How should correction of errors be reported in the
financial statements? Give examples.4. What
is income statement and what is the limitation of the income statement? 5. Explain
how to report other comprehensive income.6.
Explain the fundamental concepts related to revenue recognition and
Explain ABCs of Accounting series. 8.
Explain the five-step process to major revenue recognition issues.
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