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From the first e-Activity, analyze the convergence of IFRS and GAAP as it relates to revenue recognition. Based on your analysis, recommend at least two (2) changes to revenue recognition that would improve financial reporting after the convergence. Justify your response.
On December 16, 2008, the company's controller made a preliminary estimate of the predetermined overhead rate for the year 2009. The new rate was based on the estimated total manufacturing overhead cost of $3,402,000 and the estimated 63,000 total..
mmc maintains a qualified defined benefit idea for eligible employees with an effectual date of january 1 1990. the
The production department has met all production requirements for the current month and has an opportunity to produce additional units of product with its excess capacity. Unit selling prices and unit costs for three different drill models are as ..
On the date the stock is sold the market price is 12 a share. What is the basis that Judd must use in computing any gains and losses on the sale and what is the amount of gain or loss he must recognize in 2010?
The trial balance of Ogilvy's Boutique at December 31 shows Inventory $21,000, Sales Revenue $156,000, Sales Returns and Allowances $4,000.
Morgantown Movers has net working capital of $11,300, current assets of $31,200, equity of $53,400, and long-term debt of $11,600. What is the amount of the net fixed assets?
For Savage Inc. variable manufacturing overhead costs are expected to be $20,000 in the first quarter of 2005 with $2,000 increments in each of the remaining three quarters. Fixed overhead costs are estimated to be $35,000 in each quarter. Prepare..
Assume none of the fixed expenses for the Basic line are avoidable. What will be total net income if the line is dropped?
You are considering an investment in the common stock of Keller Corp. The stock is expected to pay a dividend of $2 a share at the end of the year (D1 = $2.00).
calculate retained earnings from following dataretained earnings december 31
What types of information must be disclosed in the management discussion and analysis? Explain.
Three years ago a piece of machine was purchased for $10,000. Assuming an eight-year life and straight-line depreciation, financial statements for the third year will show:
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