Business activities are classified into operating, investing and financing activities. Operating activities Operating activities include the following transactions: Issuance of stock Borrowings from a bank
Author: accta
FASB issued an Accounting Standards Update, ASU 2015-01, in January 2015 Topic: Income Statement – Extraordinary and Unusual Items (asc 225-20) The concept of extraordinary
Research and Development (R&D) costs are recognized as an expense during the period. Being recognized as an expense means that such costs are not capitalized