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Debate Using the Codification Research Case. Debate the support the sales manager's position and Also debate the support of the CFOs position. Quote the codification site.
Present both sides. Additionally, the CFO at this company has asked for your guidance in evaluating leases.
Write a 350- to 525-word memo on this topic, specifically on how to determine whether substantially all of the risks and rewards of ownership are transferred in the lease. Address how "substantially all" is defined in the authoritative literature.
Use - Kieso, Donald E., Weygandt, J. J., Warfield, T. D. (2016). Intermediate Accounting, 16th Edition - chapter 18
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This is a simple and a short assignments which helps in defifying the Gasp and it's complicanices with respect to codification and number.It deals with the having general understanding about the Gasp codification existing in the accounting standards
please review again based of the attached case.. I thought I would have gotten this to you on time 29401664_1Codification Research Case.docx I just copied the case study because the other assignment asked for it. I am attaching it again see highlighted important requirements. the below assignment is a debate so all topics will need to be covered. Codification Research Case Employees at your company disagree about the accounting for sales returns. The sales manager believes that granting more generous return provisions can give the company a competitive edge and increase sales revenue. The controller cautions that, depending on the terms granted, loose return provisions might lead to non-GAAP revenue recognition. The company CFO would like you to research the issue to provide an authoritative answer Fair price. Assessment is very well done. I'm hoping for the best as i haven't got the results yet. But the answers look solid. Thank you again.
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