User Account

All Pages

What disclosure or accruals are required by Company B

Assignment Help Financial Accounting
Reference no: EM132924241

Question - A Brazilian listed entity, Company B, violated environmental regulations by seeping hazardous chemicals from its production plant into a nearby pond. As of 12/31/x1, government regulators are aware of the pollution and plan to take action against the company. Company B anticipates that this action will include fines, plus a requirement to remediate the pollution. What disclosure or accruals are required by Company B? How would this accounting differ if Company B were subject to U.S. GAAP? Please provide Codification & IFRS support reference and Accounting JE under U.S. GAAP and IFRS.

Reference no: EM132924241

Questions Cloud

Compute equivalent annual cash flow : Compute equivalent annual cash flow (EAC) and compare that to another project with an annual EAC of $12 million that can alternatively be selected
Discuss the audit objectives and substantive procedures : Discuss the audit objectives and substantive procedures in an audit of owner's equity. Make table summary of the management assertions
Identify what kind of adjustment is needed : Analyze the given transaction and identify what kind of adjustment is needed. Salaries incurred but unpaid as of December 31, 2020 amounting to P20,000
Calculate the depreciation charges for each : An airline company bought and put into operation a jet aircraft on 1 February 2017 for $7 000 000. Calculate the depreciation charges for each
What disclosure or accruals are required by Company B : Company B anticipates that this action will include fines, plus a requirement to remediate the pollution. What disclosure or accruals are required by Company B
What is the true initial cost figure Southern should use : Company needs to raise $20 million to start a new project and will raise the money by selling new bonds. What is true initial cost figure Southern should use
How many pounds of material will you need to purchase : How many pounds of material will you need to purchase in September if your Beginning Inventory in August is 19,200 pounds
Apply an ethical framework to the issue : Pick a film that has good examples of ethical, moral and legal issues in business and society and Apply an ethical framework to the issue(s)-based
Which strategy would be more appropriate : The I-STATE governor also knew that she needed to act locally in the spirit of continuous improvement. Which strategy would be more appropriate

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd