ABC Corp. (ABC), which operates in the oil industry, is a US subsidiary of a UK entity that prepares its financial statements in accordance with IFRS in reporting to its parent and US GAAP for reporting to its US based lender. ABC’s operations sometimes result in soil contamination. ABC cleans up this contamination when required to do so under the laws of the particular country in which it operates. One country in which ABC operates has no legislation requiring cleanup, and ABC has inadvertently contamined land in that country in prior years. As of December 31, 2020, it is virtually certain that a draft law requiring a cleanup of land already contamined will be enacted, but not until shortly after the year end.
Required: Should ABC recognize a provision as of December 31, 2020, in reporting to its UK parent under IFRSs and in reporting to its US based lender in accordance with US GAAP
Según FASB Codification/ According to FASB Codification
Answers: 2
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, 21.06.2019 23:00, AshlynPlayz45
The monthly payment m of a loan of amount p for y years with an interest rate r can be calculated by the formula: m = p(r/12) 1 â’ (1 + r/12)â’12y calculate the monthly payment and the cummulative total payment for a $100,000 loan with an interest rate of 4.85% if taken out for 10 years, for 11 years, etc., up to a 30 year term. display the results in a three-column table where the first column is the number of years, the second is the monthly payment, and the third is the cummulative total payment. note: use format bank; for this problem. also, remember to represent the interest rate as a decimal (e. g. 0.0485) 2. a torus-shaped water tube is designed to have a volume of 8, 000in3 . the volume of the tube, v , and its surface area, s, are given by: v = 1 4 ď€ 2 (a + b)(b â’ a) 2 s = ď€ 2 (b 2 â’ a 2 ) if a = kb, determine s, a, and b for k = 0.2, 0.3, 0.7. display the results in a table
Answers: 1
Business, 22.06.2019 02:30, walterzea70
rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is
Answers: 2
ABC Corp. (ABC), which operates in the oil industry, is a US subsidiary of a UK entity that prepares...
Mathematics, 11.06.2020 23:57
English, 11.06.2020 23:57
Mathematics, 11.06.2020 23:57
Mathematics, 11.06.2020 23:57
Geography, 11.06.2020 23:57
Mathematics, 11.06.2020 23:57
History, 11.06.2020 23:57