Discuss any accounting and non-accounting problems

Reference no: EM131884294

Question: 1) Using the defination of assets,liability, equity and relevant accounting standard, how a company should classify and disclose the following item in its general purpose financial statement:

a.carbon trading permits issued by government

b.intellentual property developed in a business

c.share option issued to employees.

2) Discuss any accounting and/or non-accounting problems associated with your conclusion to (1) above?

Reference no: EM131884294

Questions Cloud

Summarize each article reviewed for the topic : Summarize each article reviewed for the topic. Include a short description of the study and most important findings.

Basic reasons for regulating financial institutions-markets : What are the two basic reasons for regulating financial institutions and markets. Are these in place to protect consumers altruistically or economy as a whole.

Are unrealized receivables treated as inventory : Are unrealized receivables treated as inventory for purposes of determining if inventory is "substantially appreciated"?

Corporate taxes and costs of financial distress : When there are corporate taxes and costs of financial distress,

Discuss any accounting and non-accounting problems : Discuss any accounting and/or non-accounting problems associated with your conclusion to (1) above?

What is retained earnings restriction : What is retained earnings restriction? How are retained earnings restrictions disclosed on the financial statements?

What is the interest rate on the three year bond : The liquidity premium for one- to three-year bonds: 0%, 0.25%, 0.75%. What is the interest rate on the three year bond?

Discuss problem regarding distributive shares : This year, Darrel's distributive share from Alcove Partnership includes $5,000 of interest income, $2,000 of dividend income, and $70,000 ordinary business.

Should peter go on with the interview : Should he look for the work that he is qualified for or accept the job offered? Justify your answers with examples and reasoning.

User Account

All Pages