What you need to know • Common requirements now exist between US GAAP and IFRS on how to measure fair value • IFRS 13 does not change when an entity is required to use fair value‚ but rather‚ provides guidance on how to measure the fair value of financial and non-financial assets and liabilities when required or permitted by IFRS • While many of concepts in IFRS 13 are consistent with current practice‚ certain principles‚ such as the prohibition on blockage discounts for all fair
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XACC/291 – Week 4 Assignment Complete Exercises E10-6‚ E10-8‚ & E10-18. And Problems 10-3A & 10-6A. E10-6 Payroll Tax Expense $352.16 FICA Taxes Payable 198.40 Federal Unemployment Taxes Payable 19.84 State Unemployment Taxes Payable 133.92 (To Record Payable Taxes for the week) E10-8 1. True 2. True 3. False 4. True 5. False 6. False 7. True 8. True 9
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Chapter 13 Inventory Management Answers to Discussion and Review Questions 1. Inventories are held (1) to take advantage of price discounts‚ (2) to take advantage of economic lot sizes‚ (3) to provide a certain level of customer service‚ and (4) because production requires some in-process inventory. 2. Effective inventory management requires (1) cost information‚ information on demand and lead time (amounts and variabilities)‚ an accounting system‚ and a priority system (e.g.‚ A-B-C)
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CHAPTER 13 – CURRENT LIABILITIES AND CONTINGENCIES I. Liabilities A. Three Characteristics 1. Probable‚ future sacrifices of economic benefits 2. That arise from present obligations 3. Resulting from past transactions B. Current Liabilities 1. Payable within 1 year 2. Reported at maturity value C. Types of Current Liabilities 1. Accounts Payable a. Buy merchandise on account
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3–1. The members of a truss are pin connected at joint O. Determine the magnitudes of F1 and F2 for equilibrium. Set u = 60°. y 5 kN F2 70Њ 30Њ x SOLUTION + : ©Fx = 0; O F2 sin 70° + F1 cos 60° - 5 cos 30° - 4 (7) = 0 5 5 3 4 0.9397F2 + 0.5F1 = 9.930 7 kN + c ©Fy = 0; u 3 F2 cos 70° + 5 sin 30° - F1 sin 60° - (7) = 0 5 F1 Solving: T an his th d wo sa eir is p rk w le co ro is ill o u vi pr de f a rse de ot st ny s d s ec ro p an
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Chapter 13 Student: ___________________________________________________________________________ 1. As an exporter‚ according to the opening case‚ which of these is a key problem for Megahertz Communications? A. Credibility of foreign governments B. Financing C. Substandard products for foreign markets D. Language E. Country specific technical standards 2. In the United States‚ what percent of firms export‚ according to the U.S. Small Business Administration? A. Nearly 98 percent B. About 23 percent
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Apollo 13 was planned as a Type H mission; Apollo 13 was the third mission to land on the moon. The spacecraft lifted off on April 11‚ 1970. The three crew members were Commander James A. Lovell‚ Command Module Pilot John L. Swigert‚ and Lunar Module Pilot Fred W. Haise. Unfortunately‚ two days later the oxygen tank exploded which force them to terminate lunar landing. According to NASA‚ Apollo 13 seem to be the smoothest flight till the first 55 hours and 46 minutes‚ nine minutes after the TV broadcast
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into four main divisions: PepsiCo Americas Foods‚ PepsiCo Americas Beverages‚ PepsiCo Europe‚ and PepsiCo Asia‚ Middle East and Africa. As of 2009‚ 71 percent of the company’s net revenues came from North and South America‚ 16 percent from Europe and 13 percent from Asia‚ the Middle East and Africa. PepsiCo worldwide employs approximately 285‚000 people. Analysis of PEPSI Ratio Analysis Dec 05 Dec 04 Current Ratio 1.11 1.28 times Quick Ratio
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I chose exercise 14.3 II. In this exercise we had to watch the local news‚ national news‚ and the local paper and answer the following questions‚ how many stories are apparently intended to appeal to our emotions and our sympathies‚ which stories seem to have been intended to grab attention by appealing to our curiosity or love of scandal‚ which seemed to be selected for their entertainment value‚ and how many stories seem intended to make us fearful for our safety or grateful for our security?
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ACC 491 Week 3 Team Study Guide Ch. 6 & 7 Textbook Exercises www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-491-week-3-team-assignment-ch-6-7-textbook-exercises-7/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: TUTORIAL: This tutorial includes 6 pages of solutions. A+++ WORK! Resources: Ch. 6 & 7 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting Prepare
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