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1. Describe the approach Zetar Plc uses to determine goodwill impairment losses. How does this approach differ from US GAAP?
2. Zetar Plc does not report any research and development (R&D) expense in its income statement. If it did, its approach to accounting for R&D expenditures would be significantly different from US GAAP. Describe the differences between IFRS and US GAAP in accounting for R&D expenditures.
3. According to the notes to the financial statements, what types of transactions do trade and other payables relate to?
4. What was the average amount of time it took the company to pay its payable during 2011?
5. What do the provisions relate to?
6. What are the estimates based on?
7. What could cause those estimates to change in subsequent periods?
48 Morgado Inc. has provided the following data to be used in evaluating a proposed investment project: Initial investment $130,000 Annual cash receipts $78,000 Life of th
Problem1 Derive from first principles an expression for the variance of the benefits payable under an endowment assurance with benefits payable at the end of the year of death.
for a typical manufacturing company, the most common critical point for recognizing revenue is the date a an order is recieved b. production is completed c the product is delievere
I need this assignment from 4 days to submit.
1a. Explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of GDP, but the value of intermediate goods p
The balance sheet and income statement for Bingle Ltd is presented to you as follows: Balance Sheet Extract as at 30 June 2012 with comparatives
1. Jim buys only milk and biscuits. (a) In 2004, Jim earns $100, milk costs $2, biscuits cost $4 per dozen. Draw Jim's budget constraint (b) Now suppose that all prices i
1. What accounting firm performed the audit of Zetar's financial statement? 2. What is the address of the company's corporate headquarters? 3. What is the company's reporting
The managers of Merton Medical Clinic are analyzing a proposed project. The project's most likely NPV is $120,000, but, as evidenced by the following NPV distribution, there is con
BANKRUPTCY ACCOUNTS FOR INDIVIDUALS AND PARTNERSHIPS These include a statement of affairs and deficiency account. A statement of affairs takes the following form: v\:*
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