Practice Exam 2
I think Que 11d "Federal and foreign income taxes incurred" should be under "I/S exhibit: other income"
The answer says "I/S exhibit: capital & surplus account".
It looks like you're new here. If you want to get involved, click one of these buttons!
I think Que 11d "Federal and foreign income taxes incurred" should be under "I/S exhibit: other income"
The answer says "I/S exhibit: capital & surplus account".
Comments
In Ques 10c, I am unable to understand how it is a downward trend. According to me it should be no trend. Is my understanding correct?
We are discussing, will let you know.
Corrected, thanks!