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We have a separate accounting standard, AASB 138, that specifically deals with intangible assets and it provides different requirements from those for property, plant and equipment (the rules for which appear in AASB 116). What is it about intangible assets that require them to have a separate accounting standard? Do you think the differences in requirements are logical? ( 300 words)
in 2014 mordica co. issued 300000 of its 500000 authorized shares of 10 par value common at 35 per share. in january
A 10 year bond issued today by Carris, Inc. has a coupon rate of 10%, a required return of 6% and a face value of $1,000. The bond will be sold 5 years from now when interest rates will be 8%. What is the actual rate of return (or holding period retu..
Why would a tax payer think of forming a partnership type of business, as compared to a corporation? What do you think about general partnership, limited partnership, LLC, LLP and family partnership?
Trapp Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 2,000 units that were 70% complete with respect to materials and 60% complete with respe..
Temporary investments such as in trading securities are
Journalize the transactions and journalize the adjusting entry to record the accrued interest on December 31 on the Global Company note.
We Do Bankruptcies is a law firm that specializes in providing advice to firms in financial distress. It prospers in recessions when other firms are struggling. Consequently, its beta is negative, −.2. Suppose you invested 90% of your wealth in the m..
A corporation has 17,000 shares $50 par value common stock. The bored of directors declares a 4- for - 1 stock split when the market value of the stock is $185.
Compare the assignment of under/over applied overhead costs at year end utilizing the allocation-rate approach, the proration approach, and the write-off approach. Create a numerical example to illustrate the proper handling of each case. Respond to ..
Why does the federal government allow for accelerated depreciation of fixed assets even when the useful life and utility of the assets clearly align more to straight-line depreciation? Explain.
Calculate the fixed overhead spending and volume variances for the Little Rock and Athens plants. What is the most likely cause of the spending variance? Why are the volume variances different for the two plants?
Gasoline prices at $3.00 per gallon, consumers are rushing to purchase hybrid vehicles that get 50 miles per gallon of gasoline. The montly payment on a three year lease of a hybrid is $499 compared to $399 per month on a sedan car that gets 25 miles..
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