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Accounting Question:
Case scenario: Japanese GAAP vs. Chinese Convergence
Research and compare the convergence of China's financial reporting standards with U.S. GAAP or IAS GAAP since 1999 and respond to the following questions:
• What societal values and economic goals have caused the two Asian countries to adopt different financial reporting standards?
• What societal values and economic goals have caused the two Asian countries to improve similar international financial reporting standards?
accounts receivable arising from sales to customers amounted to 80000 and 70000 at the beginning and end of the year
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The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars):
On January 30, Lift Time Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 18,000 shares of $10 par common stock with a current market price of $15.
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dawson toys ltd. produces a toy called the maze. the company has recently established a standard cost system to help
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Talley Inc. experienced the following events in 2016, in its first year of operation: Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the 2016 accounting period.
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