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Question: For the company you selected in Unit 1, compare and contrast the following pronouncements and the current GAAP standards:
• Income Taxes (IAS 12)
• Leases (IFRS 16)
• Financial Instruments (IFRS9)
Make any necessary updates to the financial statements based on your understanding of the new IFRS.
Information related to above question is enclosed below:
Attachment:- ImpactAnalysisChart.rar
The appropriate discount rate (or the cost of capital) is 10%. If the company uses the NPV method, should the project be accepted? Why (or why not)? If the company uses the IRR method, should the project be accepted? Why (or why not)
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