Reference no: EM13969383
1. Identify and describe differences between US GAAP and IFRS with respect to accounting and reporting for long-term debt (i.e., bonds, notes payable, and leases). You must identify and describe at least 6 differences to receive full credit.
2. How are bonds and notes the same? How do they differ?
3. List at least three ways that bonds may be taken off the market prior to maturity.
4. ABC Corp. has bonds outstanding during a year in which the market rate of interest has declined. If ABC has elected the fair value option for the bonds, will it report a gain or a loss on the bonds for the year? Explain.
5. What lease disclosure is required of the lessor and lessee?
6. ABC Corporation discloses the following in its 2013 annual report to shareholders:
In 2013, the company entered into three sales-leaseback arrangements with various financial institutions. Under the first arrangement, truck assembly machinery with a net book value of $58 million was old for $60 million and leased back under an eight-year operating lease agreement. Under the second arrangement, engine manufacturing equipment with a net book value of $261 million was sold for $260 million and leased back under an 11.5-yevar operating lease agreement. The third arrangement consisted of additional manufacturing equipment with a net book value of $62 million that was sold for $65 million and leased back under a 10-year operating lease arrangement. The gain on these transactions was deferred and is being amortized over the terms of the lease agreements.
Discuss the most likely reasons for these three transactions, and explain what is meant by the last sentences of the disclosure.
Determine the optimal quantities of the decision variables
: A wood products firm uses available time at the end of each week to make goods for stock. Currently, two products on the list of times are produced for stock: a chopping board and a knife holder. Determine the optimal quantities of the decision varia..
|
How you will implement your ads and track your ad score
: Create a description of the 3 types of searches that will be used in your PPC plan. Describe the PPC campaign that you recommend for the case study company.
|
Which chapters in yalom had the most meaning to you
: Which of the three chapters (4, 5, 6) in Yalom resonated and had the most meaning to you, and why? Please be specific in answering this question, and keep your replies to about 200-300 words
|
Healthcare ethics and morals
: The rising number of uninsured patients has led to an increased reliance on the hospital emergency room for routine nonemergency care. EMTALA ensures patients' access to the emergency room of any hospital, regardless of patients' insurance status or ..
|
Differences between us gaap and ifrs
: 1. Identify and describe differences between US GAAP and IFRS with respect to accounting and reporting for long-term debt (i.e., bonds, notes payable, and leases). You must identify and describe at least 6 differences to receive full credit.
|
Potential advantages and disadvantages of that alternative
: What are alternatives course of actions for Apple can use to continue success for the future? Each Alternative that you develop for the firm must show the potential advantages and disadvantages of that alternative.
|
Accomodate this annual demand
: Jose runs a mail-order business for gym equipment from his house. Annual demand for its best seller item is 25,000 units. This best seller item has a cost of $292 per unit and Jose sells it at $350/unit, including shipping and handling. What should b..
|
Employee when this employee is not under their payroll
: There are two separate companies who are neighbors. Company 1 sells products and company 2 manufacturers the products that Company 1 sells to the market. Both are in the same industry. Both Company’s office hours are Monday through Friday. With no do..
|
What are differences between variable and absorption costing
: For what is Cost Volume Profit (CVP) analysis used? What are the differences between variable and absorption costing?
|