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Q.1 As a potential investor, what is the problem with different countries having different accounting standards? As the president of a multinational company, what is the problem with different countries having different accounting standards?
Q.2 Describe the respective roles of the Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS) in the setting of accounting standards?
Q.3 Why is it important for financial statements and other external reports to be based on generally accepted accounting principles?
Q.4 Explain the ways in which the needs of internal and external users of accounting information are the same and different.
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Ask question #Miwhy is the activity based costing unaccepable for external financial reportnimum 100 words accepted#
find full-cost& variable cost using transfer pricing method
During the year Leyland Company completed 1,300 units of product. Ending inventory consisted of 400 units that were 50% complete. The total dollar cost associated with production o
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