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Coca cola Amatil conducted a campaign against Australia's adoption of IFRSs in 2004. The company lobbied against requirments that meant coca cola Amatil's balance sheet values would have to be written down by as much as $ 1.9 billion.
(a) what is meant by the term "lobbying"?
(b) who would be likely targets of coca cola Amatil's lobbying activities ?
(c) why would adoption of international standards do heavily affect coca cola Amatil?
(d) what other companies might have lobbied against the adoption of the intangibles standard?
If you need $11,500 in eight years how much would you have to put in an account now that pays annual interest of 10% compounded semiannually to obtain your goal?
The standards that allow for no machine breakdowns or other work interruptions and that require peak efficiency at all times are referred to as:
Use the appropriate information from the data provided below to calculate operating income for the year ended December 31,2011.
What amount of interest income should be included in Moor's 2011 income statement (the second year of the contract)?
Dolan Manufacturing Company's accounting records reflect the following inventories:
One defect of the IRR method is that it assumes that the cash flows to be received from a project can be reinvested at the IRR itself, and that assumption is often not valid. Why do you think this is a correct statement?
Identify which segments are significant enough to warrant disclosure in accordance with FASB No. 131, "Reporting Disaggregated Information about a Business Enterprise," by applying the following quantitative tests:
The company completely overhauled 10 of its trucks at a significant cost. The overhaul should extend the life of the trucks by at least 3 years. Because the company performs similar overhauls each year, the cost has been properly charged to repair..
After the adoption of SFAS 158, the pension asset/liability on a company's books will be equal to:
Calculate the multifactor productivity composed of labor and capital units shipped plus finished goods for PCCorp. In place of fixed costs use (sales + finished goods)
An apartment house was purchased on July 8 of last year, by a taxpayer who computes her taxes on a calendar basis. Her depreciation deduction last year was $7,902.
A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. What is interest expense for 2008, using straight-line amortization?
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