Business, 13.11.2019 18:31, kassandramarie16
Aforeign subsidiary of a u. s.-based company has been notified of a loss contingency with an estimated cost ranging between $220,000 and $250,000 which is probable of resulting in an actual loss. each dollar amount within this range of cost is equally likely of being the actual outcome. (note: you must show your work to receive extra credit.) 4.
a) record the amount recognized according to u. s
b) record the amount recognized according to ifrs
c) prepare the conversion worksheets to convert u. s. gaap to ifrs.
d) prepare the journal entry to convert the 2017 pillow ltd. financial statements from ifrs to u. s. gaap.
Answers: 3
Business, 21.06.2019 17:40, jjackson0010
Steffi is reviewing various licenses and their uses. match the licenses to their respective uses.
Answers: 3
Business, 22.06.2019 12:30, cuppykittyy
Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes
Answers: 2
Business, 22.06.2019 14:20, nataliaalejandradasi
Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
Answers: 1
Aforeign subsidiary of a u. s.-based company has been notified of a loss contingency with an estimat...
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