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Surfing the Standards: Fair Value Option Disclosures Under U.S. GAAP, firms may choose to report most financial assets and financial liabilities at fair value, using the fair value option. The rules related to the fair value option are included in ASC 825-10 Financial Instruments - Overall. When an entity chooses the fair value option for a financial instrument, a number of disclosures are required. 1) What are the principal objectives of these disclosures? (1.5 points) 2) What are the expectant results of the disclosures? (1.5 points)
what accounting method cash or accrual would you recommend for the following businesses?a. a gift shop with average
On January 1, 2010, West Co. exchanged equipment for a $400,000 zero-interest-bearing note due on January 1, 2013. The prevailing rate of interest for a note of this type at January 1, 2010 was 10%. The present value of $1 at 10% for three periods..
mcbean inc. reported net income of 300000 for the year ended december 31 2009. mcbean inc. had 50000 shares of common
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hermann industries is forecasting the following income statement sales 5000000 operating costs excluding depreciation
What are the 4 basic requirements of a Relational Database? What is a "primary key"?
Management expects to sell 95,000 units of a product during the next fiscal period. How many units must be produced if the beginning inventory of finished goods amount to 5,000 units and management desires the ending finished goods inventory to eq..
A hot-air balloon manufacturing firm
yang corporation wholesales repair products to equipment manufacturers. on may 1 2014 yang corporation issued 20000000
A small delivery truck was purchased on January 1 at a cost of $25,000. It has an estimated useful life of four years and an estimated salvage value of $5,000. Prepare a depreciation schedule showing the depreciation expense, accumulated depreciat..
garland mills purchased a certain piece of machinery 2 years ago for 500000. its present resale value is 380000.
concepts for analysis 16-6 eps concepts and effect of transactions on eps chorkina corporation a new audit client of
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