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Discussion
What are differences and similarities between the U.S. GAAP and IFRS valuation methods on assets and liabilities. How could these differing methods affect the probability of fraud occurring in valuing assets and liabilities? How do the different valuation methods affect the results of auditing assets and liabilities, and what could be done to improve these auditing results?
on february 15 seacroft buys 8000 shares of kebo common at 28.63 per share plus a brokerage fee of 445. the stock is
Identify at least FOUR accounts susceptible to misappropriation or fraudulent financial reporting within the Metcash Group and explain why.
on january 1 2011 bradley recreational products issued 100000 9 four-year bonds. interest is paid semiannually on june
if preparation of a periodic scrap report is essential in order to maintain adequate control over the manufacturing
A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2006. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. Using straight-line amortization, what is the carrying value of the bonds o..
For the month of April, compute the following variances - Direct manufacturing labor price variance and Direct materials efficiency variance
are these two ever equal?almost always rarely occasionally only when there is no investing cash flow only when there is
On January 1, 2010, the Somerville Corporation sold a used truck to the Cornelius Company and accepted a $28,000 non interest bearing note due January 1, 2013.
What is a contingent liability? Describe the three ranges of loss contingencies outlined in SFAS No. 5, including a brief summary of the accounting and disclosure requirements ?
Evaluate the budgets for any areas that you might be able to recommend some changes like cost reductions, or price changes
merchandise inventory. . . . . . . . . .. . . . . . . . . . . . 264000notes payable long- term . . . . . . . . . . .
gorgeous georgie pty ltd is a private company with many strategic investments. the finance director is concerned that
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