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Written Assignment - Consolidation Case
In 2008, the IASB and FASB are working on a joint project to develop a single standard for business combinations with the objective of having the same standard whether an organization adopts IFRS or U.S. GAAP. Currently, FASB Statement 141 deals with business combinations in the United States, disallowing the pooling method, requiring all business combinations to be accounted for using the purchase method. Financial reporting for business combinations can be substantially different depending on the standard that has been adopted within a country.
For this assignment, conduct research to locate the business combination standard that is used in Germany. In a 3-page paper, explain the standard that is currently used, compare the standard to FASB statement 141, and determine the impact (if any) that the differences in standards would have on a foreign company from your country that wanted to list on one of the U.S. exchanges. Cite all references used in your research.
at your first job after graduation you start working for a local cpa firm. the firms partner mentions that partnerships
Explain the difference in the accounting treatment of the merchandise if the shipment had instead been designated f.o.b. destination.
Describe the specific types of inventory reported by merchandisers and manufacturers.
Claremont Company specializes in selling refurbished copiers. During the month, the company sold 175 copiers at an average price of $2,900 each.
Define the process you will use and address the following assessed classroom discussion questions: What procedures will be used to collect accounting evidence? What sampling tools and techniques will be used for the examination?
Select an organization you work for or one in your chosen field. Conduct online research on the ethics of your organization and the industry it belongs to.
tammie contributes 50000 cash in exchange for a 25 interest in the profi ts and capital of the xyz partnership. the
wisconsin warning co. plans to finance its operations by issuing 5000000 of 5 year 12 bonds with interest payable
Lyn, age 65, and Robert, age 66, are married and support Lyn's father (no taxable income) and Robert's mother, who has $2,200 of gross income. If they file a joint return for 2011, how many exemptions may Lyn and Robert claim?
bruno manufacturing inc. has sales of 2200000 for the first quarter of 2010. in making the sales the company incurred
Review the 1997 study and its May 2000 addendum and assess the cost allocation methodology as presented. Do you find the conclusions of the study to be justified, given your assessment of the methodology? Explain briefly why or why not.
Your client is a U.S.-based company that owns a foreign subsidiary. Your client understands that there are foreign tax credits of which they may be able to take advantage. Based on the e-Activity, recommend a strategy to optimize the use of foreig..
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