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Your supervisor at YOUCPA wants to know what you think about the proposed change from GAAP to IFRS in the United States and how it will impact revenue recognition.
Describe the methods of revenue recognition under each of the following:
o U.S. GAAP
o IFRS
Describe 1-2 ways in which these 2 methods differ.
Do you think that the traditional U.S. GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System? Why, or why not?
What is the amount and character of Winchester's gains and losses before the 1231 netting process?
Calculate amount of dividends in arrears on Zeta’s preferred stock and briefly explain how this amount will be known to investors and creditors who may use the company’s fin ancial statements.
Determine the cash coverage ratio for the Highway Corporation Evaluate the EBIT for the Highway Corporation?
On July 15, 2011 a lawsuit was filed against D Corporation for a patent infringement action allegedly took place in early 2011. In the opinion of legal counsel, there is a danger of a significant loss to the client. Determination by the federal..
Calculation of payback period of the project and comment on its liquidity and Use the payback method to calculate how many years it will take for each project to recoup the initial investment, Which project would you consider most liquid?
Provide an overall financial analysis for every company
Determine the amount of the equipment’s accumulated depreciation reported in the balance sheet dated December 31, 2011.
With permission of owner, Winn made structural modifications to the building before occupying the space at a cost of $180,000. The useful life of building and the structural modifications were predictable to be 30 years with no residual value.
What is the successful company's secret in terms of competitive advantage and strategy and how are differences in business models reflected in the financial statements' figures?
What are the pros and cons of launching Foxy’s brand in the U.S. market? What distribution strategy would you recommend to Kluger and Orol? Why?
For 2010 Stoneland Corporation reported net income $26,000; net sales $400,000; and average shares outstanding 6,000. There were preferred stock dividends of $2,000. What was the 2010 earnings per share?
What amount should the rights be reported in the consolidated balance sheet and What effect does the dividend have on the retained earnings and minority interest balances in the parent company's consolidated balance sheet
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