Differences and similarities between u.s. gaap and i gaap

Assignment Help Accounting Basics
Reference no: EM131105961

1. Briefly describe some of the similarities and differences between U.S. GAAP and i GAAP with respect to the accounting for liabilities. 

Reference no: EM131105961

Questions Cloud

Hiring a geologist to perform some seismic tests : In a classic oil-drilling example, you are trying to decide whether to drill for oil on a field that might or might not contain any oil. Before making this decision, you have the option of hiring a geologist to perform some seismic tests and then ..
What are some potential problems and limitations : What are some potential problems and limitations of financial ratio analysis?
Instead of making the risky decision described : In the previous question, suppose you have the option of receiving a check for $2700 instead of making the risky decision described. Would you make the risky decision, where you could lose $5000, or would you take the sure $2700? What would influe..
Cost of catching the fish : Question 1 Refer to the accompanying figure, which shows the market for fish, to answer the questions that follow. If the government sets a quota of 300 pounds of fish caught per day, then fish will sell for __________ more per pound than the cost..
Differences and similarities between u.s. gaap and i gaap : Briefly describe some of the similarities and differences between U.S. GAAP and i GAAP with respect to the accounting for liabilities.
Company makes a particular decision in the face of uncertain : If your company makes a particular decision in the face of uncertainty, you estimate that it will either gain $10,000, gain $1000, or lose $5000, with probabilities 0.40, 0.30, and 0.30, respectively. You (correctly) calculate the EMV as $2800.
Would you recommend renewing the loan or demand repayment : Similarly, if you were the bank loan officer, would you recommend renewing the loan or demand its repayment?Would your actions be influenced if in early 2009 D'Leon showed you its 2009 projections along with proof that it was going to raise more than..
Develop a risk management plan for a company : Task: You are required to develop a risk management plan for a company of your choice, or for an area of the Registered Training Organisation in which you are studying.  Your risk management plan must include: a detailed stakeholder analysis
A particular stock goes up each day with probability : Suppose you believe that the price of a particular stock goes up each day with probability p and goes down with probability 1- p. You also believe the daily price changes are independent of one another. However, you are not sure of the value of p.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Logan corporation issued 800000 of 8 bonds on october 1

logan corporation issued 800000 of 8 bonds on october 1 2006 due on october 1 2011. the interest is to be paid twice a

  Manufacturing overhead costs for year 2013

Manufacturing overhead costs for year 2013.

  Gansac publishing company signed a contract with an author

Gansac Publishing Company signed a contract with an author to publish her book. The signing took place on January 1, 2016, and a payment of $20,000 was made to obtain a copyright. Gansac expects to sell 200,000 books evenly between 2016 and 2020 ..

  Lark art company sells unfinished wooden decorations at a

lark art company sells unfinished wooden decorations at a price of 15.00. the current profit margin is 5.00 per

  Evaluate mamprs approach to linking compensation to

compensation tied to balanced scorecard degree of difficulty of target achievement in the mid-1990s mobile corporations

  Why is business ethics such an important topic

What makes the accounting profession different to the point that professional ethics becomes a defining characteristic?

  Constructively received income

Which of the following would be considered "constuctively received?"

  Which of the following is not one of the activities shown

which of the following is not one of the activities shown on the statement of cash flows? accounting

  Affect the taxable income of two owners

Sara owns a sole proprietorship and Phil is the sole shareholder of a C (regular) corporation. Each business sustained a $9,000 operating loss and a $2,000 capital loss for the year. Evaluate how these losses will affect the taxable income of the ..

  In this step the cost of the units transferred out of the

in this step the cost of the units transferred out of the current process to finished goods is computed by using the

  Lando company reported the following amounts for 2008 raw

lando company reported the following amounts for 2008 raw material purchased 103000 beginning raw material inventory

  What was the sales price per share of the

a. What was the sales price per share of the original stock issue?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd