Need help for the answers to 5 questions about accounting
Reference for each question. Minimum 120 words excluding questions and reference.
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1. Segment Reporting
Please explain operating segments of an enterprise. How does SFAS No. 131 define an operating segment, and what thresholds must be met for an operating segment to be a reportable segment?
2 Financial Statement
If you could choose only one financial statement for the purpose of investing, given the choices of the balance sheet, the income statement, or the statement of cash flows, which one would you select for your evaluation purposes, and why?
3.Effect of the Settlement Rate on Periodic Pension Cost
Explain why the FASB chose the settlement rate to discount projected benefits.
4.Entity Theory of Consolidation
Where would a company report noncontrolling interest in the consolidated balance sheet? Explain why.
5. The Securities Acts of 1933 and 1934
Discuss the terms going public and being public as they relate to these pieces of legislation.