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As the U.S considers the adoption of IFRS, changes exist between presentation and disclosure in current U.S GAAP and IFRS. Based on your research, what are some of the similarities and differences between U.S. GAAP and IFRS? Would the adoption of IFRS increase transparency of U.S. based financial statements? Please support your response.
Wynn, Inc. has contract to construct a large hotel for $12,000,000. The contract was signed on the month January 2, 2010 and it was expected that the hotel would be complete on the month of December 31, 2013. Under these situations, what amount of ..
Provide your manager a comparison of the current reporting for debt,explaining the requirements for each type (bond, mortgage, capital lease, andothers). Then, prepare the journal entries for the restructuring.
What is the purpose of tax planning? How do we conduct tax planning? How could tax planning lead to unethical behavior? - Answer in 150-200 words.
On November 28, 2010, she sold 48 shares, which could not be specifically identified, for $576 and on December 8, 2010, she sold another 25 shares of $188, What was her recognized gain or loss?
what is Giambi's inventory turnover? Giambi Corp had beginning inventory $10,000, cost of goods purchased $700,000, and ending inventory $140,000.
Prepare the entry to record the weekly payroll and the costs and liabilities related to the bonus and the vacation pay, assuming that Vance is the only employee
kenwood, Inc, uses a predetermind overhead rate based on direct laboor- hours to apply manufacturing overhead to jobs. at the beginning of the year.
I need to determine the best form of business entity for a business having the following characteristics and explain why choose that form of business:
Relate your explanation to the audit functions in your organization, or an organization with which you are familiar.
edward company's required rate of return is 15%. the company can purchase a new machine at cost 40,350/. the new machine would generate cash inflows of 15,000 per year and have a four-year life with no salvage value. compute the machine's net pres..
Since break-even focuses on making zero profit, is it of value in determining how many units must be sold to make a targeted profit? if so, what is it. I'm struggling to understand this. Examples would be great as references.
Gentry Company produces speaker systems for trucks. Estimated sales (in units) in January are 20,000; in February 25,000; and in March 22,000. Each unit is priced at $45. Gentry wants to have 25% of the following month's sales in ending inventory.
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