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Select and analyze an exposure draft or current standard open for comment with the IASB. As part of your analysis determine the impact the revision will have on US companies based on current US GAAP by discussing the similarities and differences between IFRS and USGAAP for the item you have selected. Include in your discussion the impact the new exposure draft or standard could have on the US company doing business in at least 2 of the countries.
In May of 2009, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2009, the environmental attorney for Raymond indicated that an unfavorable outcome to the dispute was probable.
during 2011 southern winn ltd paud dividends of 1 per shares on common stock and 5 per share on its preferred.
how is annual cash inflow determined? a depreciation is subtracted from net income because it is an expense.
Define auditing, what is the difference between audit and auditing? Explain the important techniques of auditing. Explain the various classification of audit, list the type of information necessary for conducting an audit.
bernice dies and under a will passes real estate to her surviving husband. the real estate is subject to a mortgage.
phelps glass inc. has reported the following financial data net revenue of 10 million. variable cost of 5 million
explain the issues that an auditor may need to deal with in the cash accounts especially if the company has foreign
The estimated fair values of the assets are land $60,000, building $220,000, and equipment $80,000. At what amounts should each of the three assets be recorded?
Prepare store ledger card under FIFO method by using perpetual inventory system.
last month when harrison creations inc. sold 40000 units total sales were 300000 total variable expenses were 240000
westerville company reported the following results from last years operationssales.......1000000.00variable
badger recorded 500000 of net sales for the year of which 2 is estimated to be uncollectible. id and analyze the
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