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Problem 1: Discuss the impact and ethical issues for not disclosing the unsecure loan to foreign subsidiary in the financial statement in accordance with MFRS 124 Related Party Disclosures.
Problem 2: Discuss on the presentation and disclosure for provisions, contingent liabilities and contingent assets in accordance with MFRS 137.
Problem 3: Discuss the benefits of MFRS 137 to the firm and investors
Problem 4: Discuss briefly firm with good firm value
Discuss the role of the AICPA in establishing performance standardsin hospital accounting. Give specific examples of their efforts torevise and improve the quality of accounting practice in health care organizations.
Discuss whether or not Girves should record the plant as an asset after it is constructed. Discuss whether or not Girves should record the liability for these revenue bonds.
Exxon recorded an expense and corresponding liability to recognize potential losses relating to an oil spill in 2006 of $10 million. Its net income for the year was $200 million. It was not able to take a deduction for tax purposes until later years ..
On June 30, 2012 Ghosh Company concludes that a customer's $4750 receivable (created in 2011) is uncollectible and that the account should be written off. Illustrate what effect will this action have on Ghosh's 2012 net income? Explain.
Find an article that discusses on an organization's accounting methods (cash-based or accrual-based) or provide a real-life example.
If you are to be acquired by another company, what will be the least preferred defense maneuver of your choice? Explain the defense you will least likely use
Calculate the payback period for each project. Which project(s) would a firm using the payback rule accept, if the cut-off period were three years?
Beller Financial is a banking services company that offers many different types of checking accounts. The bank has recently adopted an activity-based costing system to assign costs to their various types of checking accounts. Calculate the overhead c..
What is often described as the "cost of goods (or inventory) available for sale" is equal to:
Of the 100 transactions, materiality is set at 5% or 5 transactions. The auditor took a sample of 40 transactions,What called the risk involved in case example?
The liability policy was $36,000 for eighteen-months, and the crop damage policy was $12,000 for a two-year term. What was the balance in Eve's prepaid insurance as of December 31, 20X8?
What is the probability that StoreCo Construction Company will be in violation of their construction contract? c. What is the probability that they will not be in violation? d. What is the probability that the storage unit complex will take betwee..
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