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At the end of 2017, Ayayai Corporation owns a licence with a remaining life of 8 years and a carrying amount of $500,000. Ayayai expects undiscounted future cash flows from this licence to total $504,000. The licence's fair value is $396,000 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $450,000. Ayayai prepares financial statements in accordance with IFRS.
Problem 1: Write down any related entry that is necessary.
Alejandro is a member of a partnership and has a basis of $50,000. In a liquidating distribution, he receives cash of $15,000 and unrealized receivables.
On March 1, 2010, Ruiz Corporation issued $800,000 of 8% nonconvertible bonds at 104, What amount should Ruiz record on March
The township authorized a bond issue of $11 million for the construction of a pedestrian walkway as part of a downtown revitalization project. An additional $1 million of general revenues is to be used for the project. The authorization was record..
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1.recruiters sent to college campuses must be properly trained to and prepared to talk to candidates about their
What is an attest engagement that is substantially lesser in scope than an examination and is designed to lend only a moderate degree of assurance?
flecks standard quantities for 1 unit of product include 2 pounds of materials and 1.5 labor hours.the standard rates
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You borrow $70,000. The loan is structured as an amortized loan to be repaid over 8 years with 2 payments per year. What are the amortized loan payments
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Explain , Does the statement reflect any "Cash with Fiscal Agents"? If so, does this amount correspond with any other amounts on the Balance Sheet?
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