owns and operates a commercial building in the United States that is carried at its cost less any accumulated depreciation and any accumulated impairment losses. As of December 31‚ 2010‚ the building represents: A cash-generating unit (CGU) under IFRSs. A long-lived asset classified as held and used under U.S. GAAP. In December 2010‚ one of Ida’s competitors sold its commercial building for an amount significantly less than its asking price. The competitor’s building is located across the street
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FAN MILK LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31‚ 2009 FAN MILK LIMITED Year ended December 31‚ 2009 Contents Corporate information Pages 1 Report of the directors 2-3 Corporate governance 4-5 Report of the independent auditor 6-7 Financial statements: i. Statement of comprehensive income 8 ii. Statement of financial position 9 iii. Statement of changes in equity 10 iv. Statement of cash flows 11 v. Notes
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100‚000 shares of $20 par value common stock was recorded as a debit to Retained Earnings $2‚000‚000 and a credit to Common Stock $2‚000‚000. Prepare the correcting entries at December 31 QUESTION 3 The following stockholders’ equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31‚ 2011. Common Stock ($10 stated value) $1‚500‚000 Paid-in Capital from Treasury Stock 6‚000 Paid-in Capital in Excess of Stated
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Cash (10 min.) The petty cash fund of $200 for Walsh Company appeared as follows on December 31‚ 2008: Cash $93.60 Petty cash vouchers Freight in $21.40 Postage 40.00 Balloons for a special occasion 18.00 Meals 25.00 Instructions 1. Prepare the journal entries required to establish the petty cash fund. 2. Prepare in general journal form the entry to replenish the fund. 3. On December 31‚ the office manager gives instructions to increase the petty cash fund by $100
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CASE 4-1: Bessrawl Corporation Reconciliation of net income from U.S. GAAP to IFRS 2011 Net Income according to U.S. GAAP attributable to equity holders of Bessrawl Corporation ………… $1‚000‚000.00 IFRS adjustments: Add: Reversal of inventory cost written down to replacement cost….. 10‚000.00 Less: Additional depreciation of building after 2011 revaluation……..
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It is arguable that some Romantic music made greater demands upon its listeners than did music of previous historical periods. What were those demands? Why did these changes come about? And what strategies can you formulate for listening to this music today? In consideration of the musical changes present in the Romantic era‚ this essay will contend that these changes are very much related to the wider social and technological changes in society around that time. Thus‚ it is important
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17‚ 1948 – December 30‚ 1953 "I have faith in the democratic process we have established and in the capacity of our people to perfect themselves in it."and this "Every epoch has its own heroes and every hero has his own epoch." Ramon Del Fierro Magsaysay December 30‚ 1953 – March 17‚ 1957 "Asia for the Asians" Carlos Polestico Garcia March 17‚ 1957 – December 30‚ 1961 Diosdado Pangan Macapagal December 30‚ 1961 – December 30‚ 1965 Ferdinand Emmanuel Edralin Marcos December 30‚ 1965 – February
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of statehood for each month (January to December‚ ignore the year). Note: only one row is expected for each month for your final result. You need to write SAS programs to finish the above tasks. Show your programs and results. data states; infile cards dlm="#" firstobs=2; length Order $2. State $20. Date $20.; input Order $ State $ Date $; cards; Order#State#Admission 1#Delaware#December 7‚ 1787 2#Pennsylvania#December 12‚ 1787 3#New Jersey#December 18‚ 1787 4#Georgia#January 2‚ 1788 5#Connecticut#January
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not changed. The progress billings during 2008 were $3‚000‚000 and the cash collected during 2008 was $2‚000‚000. Carter uses the percentage-of-completion method. Required: (a) For the year ended December 31‚ 2008‚ Carter would recognize gross profit on the building of: _____ (b) At December 31‚ 2008‚ Carter would report Construction in Process in the
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Trade Commission. Retrieved December 4‚ 2009‚ from http://www.ftc.gov/ftc/about.shtm BTS.gov (November 2005.) Delta.com (2009). Book a flight. Retrieved December 8‚ 2009 from http://www.delta.com/booking/findFlights.do#top Delta.com (2009) DOT.gov (2009). Airline on-time performance improves in 2008. Retrieved December 12‚ 2009 from http://www.dot.gov/affairs/dot1609.htm FTC.gov (2009) FTC.gov (2009). Guide to complying with petroleum market manipulation. Retrieved December 5‚ 2009‚ from http://www
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