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Discussion Topic 1: Compare the accounting systems used in various countries Go to the website of one of the major stock exchanges - some are the New York exchange (www.nyse.com); NASDAQ (www.nasdaq.com); or the London Stock Exchange (www.londonstockexchange.com) - and choose two companies from two different countries listed on the stock exchanges that are not US companies. Find the annual reports of the companies and compare the accounting systems and accounting principles used in preparing the annual reports. Discussion Topic 2: Need for change As indicated in this unit's reading, developing countries such as Russia are restructuring their economies to represent a more free-market approach. It will take time for this transformation and restructuring to take place. As the restructuring continues, how will the accounting system change? Or will the country's traditional system be adequate? As you discuss the above subjects with your classmates, think about what you have learned from the various activities in this unit. Answer the discussion by clicking on the Respond link located in the Discussion area in the left navigation pane. Be sure to respond to both Discussion topics. Take the time to read and comment on the responses of others.
Hercules Exercising Equipment Co. purchased a computerised measuring device two years ago for $60,000. The equipment has been depreciated on a straight-line basis over a six year useful life and can currently be sold for $23,800.
write a 350- to 500-word summary explaining the differences between revenue expenditures and capital expenditures
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The purpose of this assignment is to provide an opportunity to utilise your knowledge of international marketing to undertake an analysis of the overseas market condition to develop a practicable marketing plan.
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Henry transfers property with an adjusted basis of $90,000 and a FMV of $100,000 to a newly-formed corporation in a Sec. 351 exchange. Henry receives stock with a FMV of $80,000 and a short-term note with a $20,000 FMV. Henry's recognized gain is ..
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