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Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. In addition, clearly
•Distinguish between an expense (expired cost) and an asset.
•Distinguish between current and long-term assets.
•Distinguish between current and long-term liabilities.
•Review Apple's balance sheet and provide two examples of each of the above categories.
•Discuss retained earnings and how income or loss and dividends affect this account. Review Apple's retained earnings account and explain how it changes between the two past years.
•Comment on at least three differences between Apple's and Samsung's balance sheets.
•Does Apple or Samsung have more debt?
•Which of the two companies is the bigger one? Explain your reasoning.
why are sales revenue and gross margin so important? how do they influence the probability and value of the
at the beginning of his current tax year eric bought a corporate bond with a maturity value of 22000 from the secondary
create a financial statement or document that a business might use to account for losses damaged goods and stolen
Fresher Foods, Inc., orally agreed to purchase from Dale Vernon, a farmer, one thousand bushels of corn for $1.25 per bushel. Fresher Foods paid $125 down and agreed to pay the remainder of the purchase price on delivery, which was scheduled for o..
accidents happen disasters happen the unfortunate happens-but do tax deductions for them happen?describe one basic
Provide an explanation of how adjusting the discount rate in the basic NPV model of capital budgeting deals with the problem of project risk.
For the tax year, Susan had salary income of $19,000. In addition, she reported the following capital transactions: Long-term capital gain $2,000; Short-term capital gain $4,000; Long-term capital loss -$7,000; Short-term capital loss -$3,000. The..
all sales are on account and in the past 30 of the sales were collected in the month of the sales and 70 in the month
the following costs result from the production and sale of 4000 drum sets manufactured by vince drum company for the
1. all sales are made on account at 20 per unit. sixty percent of the sales are collected in the month of sale the
what is the rationale in allowing express oral agencies i.e. no prior written contract to bind principals by the
at the beginning of the current fiscal year the balance sheet of cummings co. showed liabilities of 219000. during the
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