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Question: Review the differences in the presentations of the 4 main financial statements (income statement, statement of owner's equity, statement of cash flow, and balance sheet) between IFRS and US GAAP.
• Choose 2 differences from each of the statements to share in your posts.
• Discuss how the changes that you have chosen will impact the financial reporting of U.S. corporations.
the management of ballard microbrew is considering the purchase of an automated bottling machine for 120000. the
How much do you have to set apart at the end of each year for the next 40 years to be able to afford this
Fixed Company produces single product selling for $30 per unit. Variable costs are $12 per unit & total fixed costs $4,000. What is contribution margin ratio
inventories year 1 year 2 year 3beginning inv. 180 150 160ending inv. 150 160 200variable costing net oper. income
A company makes an accrued revenue adjusting entry for $780 and an accrued expense adjusting entry for $510. How much was net income understated prior to these entries? Explain.
What was Silverman's net income for the first year in operation? What is the amount of finished goods inventory on the balance sheet at year-end?
the paradise shoes company has estimated its weekly tvc function from data collected over the past several months as
The articles of partnership for A-B partnership provide for a salary allowance of $5,000 per month for partner B, with the balance of net income to be divided equally.
As a financial manager for a large multinational corporation (MNC), you have been asked to assess the firm's economic exposure. The two major currencies, other than the U.S. dollar, that affect the company are the Mexican peso (MP) and the Britis..
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.
larned corporation recorded the following transactions for the just completed month. a. 71500 in raw materials were
The company currently has no debt, but is considering borrowing $870,000 on a short-term basis to help finance its purchase of the project. The company will owe $900,000, including principal and interest, in one year.
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