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Problem 1: How many of these are requirements of IAS 16/AASB 116?
a. 0
b. 1
c. 2
d. 3
Assuming that the entire amount of the underapplied or overapplied overhead is closed out to Cost of Goods Sold, what would be effect of underapplied or overapplied overhead on the company's gross margin for the period?
On 1/1/2013, a company grants 1,000 options to its CEO with an exercise price of $60 as compensation. The options vest after three years and expire after 10 years. The stock price is $60 on the grant date. The fair value of the options is $30 per sha..
On July 1, 2016, Alpha Company exchanged an old computer (Equipment) with a historical cost of $1,000 that had accumulated depreciation of $600 after all June adjusting entries had been processed. The exchange was for a new computer having a fair val..
steadily since Lance and Jennifer placed their orders. How much profit has Lance made? How much profit has Jennifer made
Era Company has 3,000 shares of 5%, $100 par non-cumulative preferred stock outstanding at December 31, 2013. No dividends have been paid on this stock for 2012 or 2013.
Use U.S GAAP to determine how to subsequently measure the following financial assets. Three choices of measurement basis are amortized cost, fair value through other comprehensive income, and fair value through profit or loss. Long-term loans that ar..
State the reasons the compensation committee gives for diving the compensation in the way they divide it. State whether the compensation committee is composed to independent directors. For any salary component, state how the compensation committee de..
if you had only 1 of the 4 subsequent financial statements available to study to assess the financial health of company
Adjust the accounts for accrued and unearned revenue) Bantley, Inc., collects cash from customers two ways: Accrued revenue. Some customers pay Bantley after Bantley has performed service for the customer. During 2012, Bantley made sales of $55,000 o..
Journalize and post the adjusting entries, prepare an adjusted trial balance and prepare an income statement, a statement of owner's equity, and a balance sheet.
Record any required entries related to the loan as of December 31. Record the deposit of the re-payment of the loan with interest on February 15.
Cost you $15,000 up front, and return $5,000 per year for 10 years, with the first payment 5 years from today. What is the IRR for this investment?
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