EDUC 311 Chapter n/a: EDUC 311 - WK 2 Readings
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âTell us what consideration you gave to reconcilingthe total amount disclosed for operating expenses by segment groupto your total operating expenses that include integration andrestructuring expenses. We refer you to ASC 280-10-50-32(f). As thetotal operating expenses presented in the footnote is not theconsolidated amount, it appears to be a non-GAAP measure. Refer toItem 10(e)(1)(ii)(C) of Regulation S-K.â |
Response:
Our measure of segment profit and loss is gross margin. Inaddition, we provide supplemental disclosures of operating expensesand operating income by segment group in Note 18 of our Form 10-Qfor the quarterly period ended September 30, 2014, which are beyondthe required disclosures, in order to aid investors in evaluatingour operating results. Based on the guidance in ASC 280, ourtabular disclosure of operating expenses by segment group wasderived based on managementâs approach in evaluating operatingresults. We did not provide a reconciliation of the total amountdisclosed for operating expenses by segment group to totaloperating expenses that include integration and restructuringexpenses because the operating expenses disclosure wassupplemental. In future filings, we will provide a reconciliationto our tabular disclosure of operating expenses by segment groupnoting that integration and restructuring expenses have beenexcluded from this presentation.
Question:
Briefly describe the accounting treatment being addressed, theSECâs proposed revisions and the companyâs response. Also, pleaseindicate whether you agree or disagree with the Companyâs responseand the reason for your position.
How much less of one output can be produced if more of another output is produced. What combination of outputs is best. How much output can be produced from a given level of inputs. |
debt owed by one government to another government. government debt owed to citizens. government debt owed to foreigners. |
never be run since they crowd out investment in the short run. be run on a temporary basis whenever the economy is below potential output. be run on a permanent basis since they can always be financed over and over again. |
passive deficits would not exist. structural deficits would increase. structural deficits would not exist. |
surplus in that year must be $10 billion. deficit in that year decreased by $10 billion. surplus in that year increased by $10 billion. |
Reducing the age at which one is eligible to receive payments. Reducing Social Security retirement benefits. Introducing means testing. |
affected by social but not political forces. affected by political but not social forces. affected by both political and social forces. |
affect the price mechanism, but not the legal system. affect the price mechanism through scarcity. do not affect the price mechanism. |
False |
Government ownership of the means of production. Distribution according to need. Tradition determines the what, how, and for whom decisions. |
if its opportunity cost of producing corn is the same as the opportunity cost in other countries. if its opportunity cost of producing corn is lower than the opportunity cost in other countries. regardless of the opportunity cost in other countries. |
tuition paid for the year. value of the next-best activity forgone by attending college. total money outlays associated with attending college. |
the economy is beneath potential income. inflation is not fully anticipated. inflation is fully anticipated. |
The Group of Eight. EU. WTO. |
do not need to be enforced in market economies. must be established before a socialist economy can function properly. ensure an equitable distribution of income in market economies. |
False |
does not change, but debt increases. increases. does not change and neither does the debt. |
the benefit of the activity you would have chosen if you had not taken the course. the benefit you get from taking this course. the cost of the activity you would have chosen if you had not taken the course. |
avoidance of double taxation. ease of formation. greater ability to obtain funds. |
the art of economics. normative economics. it is just as easy in all of the above |