How are onerous contracts accounted for

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Reference no: EM131615018

Accounting Discussion Questions

Please answer the following 7 discussion questions inatleast 100 words per question. Do not answer them as an essay. Please answer them under the question set.

1. What are the types of differences that exist between IFRS and U.S. GAAP?
2. Which intangible assets are subject to annual impairment testing?
3. How is goodwill measured in a business combination with a noncontrolling interest?
4. What is the current treatment with respect to borrowing costs?
5. What is a provision, and when must a provision be recognized?
6. What is an onerous contract? How are onerous contracts accounted for?
7. What is a static planning budget?

Reference no: EM131615018

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