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Currently, the two major sets of rules related to accounting are Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). How do the two systems differ? How are they similar? Do you think that GAAP and IFRS should converge? Explain. Participate in follow-up discussion by adding new information that supports or challenges the assertions made by your classmates. Your initial post should be 250-500 words, include at least one reference, and demonstrate solid academic writing skills.
What considerations might you have when deciding which company is the best investment? Be sure to include in your discussion a variety of financial indicators.
the martin company had a finished goods inventory of 55000 units on january 1. its projected sales for the next four
Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $70. On June 19, Tuzun pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.
The book basis of depreciable assets for Erwin Co. is $900,000, and the tax basis is $700,000 at the end of 2011. The enacted tax rate is 34% for all periods.
The bond was offered at a discount of 10% and the total legal and other costs amounted to sh 1.5 million. Compute the proceeds on issue of the bond
miyamoto jewelers is considering a special order for 10 handcrafted gold bracelets to be given as gifts to members of a
Treasury Bills maturing on December 31, 2021, acquired on December 31, 2020 2,000. How much should be reported as cash on December
Which of the following audit risks are associated with the installation of the new inventory IT system at Clarrie Potters
In the audit of investment securities, auditors develop specific audit assertions related to the investments. They then design specific substantive procedures.
the following are selected accounts and balances from the records of ganster corporation on june 30 2012. common stock
You are planning to make 18 monthly withdrawals. How much should you deposit now in a bank account that pays 12% per year compounded monthly?
In the audit for a company's goodwill, have seen that company has been amortizing, Which procedures are you most likely to suggest as correction for the client?
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