Case 10-2 1. Ida needs to test the U.S. commercial building for recoverability under both U.S. GAAP and IFRSs. Recoverability test is one of the requirement tests for impairment. As a result‚ we need to verify if impairment should be recognized. 2. The impairement is $600‚000. GAAP methodology of determining impairment uses a two-step recoverability test. Step one‚ requires a company to estimate the future undiscounted cash flows expected from the use of that asset and its eventual disposition
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CAS 11-2 Amerbran Company Amerbran Company was a diversified company that sold various consumer products‚ including food‚ tobacco‚ distilled products‚ and personal care products and financial services. Financial statements for the company are shown in Exhibit 1. The 20X1 financial statements reflect the following transactions (dollar amounts are in thousands): 1. Depreciation and amortization expense was $115‚974. 2. Net income included a loss of $66‚046 resulting from the write-off
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Case the Mystery of the Disappearing Oil Mat Jon Weakness 1. Increases in costs of goods sold (85m) and inventories(18m) disproportionate with growth of sales 2. Current purchasing system contributed to redundant purchasing and high inventory holding costs 3. Siti Aminah (CFO) has no experience in system and technology 4. Internal control weaknesses: Purchasing system Current purchasing system contributed to redundant purchasing and high inventory holding costs and caused increases
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1. Write a one-hour lesson plan for two of the following topics; a) A lesson to contrast the use of the present simple with the present continuous for elementary students. Course title: What do you like to do? Teacher: Jeff Cheong Students / Level: 10 students (Age 7-9) Elementary students from China Aims: I want my students to understand the difference between the usage of present simple and present continuous tense. Using a teach and practice approach‚ the lesson focuses on understanding
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If you are looking for a degree that can land you a good job‚ a high degree of job security‚ and available options when it comes to finding an employer‚ an accounting degree could be a great choice for you. There is a price to be paid for the popularity of accounting roles though‚ as the work is not always easy‚ there can be a high degree of detail oriented work involved‚ and most of the duties involved require a rather sedentary style of work.Accounting is largely the understanding‚ tracking‚ and
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Introduction Accounting and finance are two very important factors that exist in every company out there that is commercialized. Every firm needs to do accounting and manage its finance well in order to continue operating‚ an organization cannot run without any funds. The management of the company will need to evaluate the accounts and finance of the company to make important decisions‚ such as whether to invest in a certain stock or to buy more of a particular item to sell. In this report‚ we will
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Testbank for Macroeconomics Canada in the Global Testbank for Macroeconomics Canada in the Global Testbank for Macroeconomics Canada in the Global Testbank for Macroeconomics Canada in the Global Testbank for Macroeconomics Canada in the Global Testbank for Macroeconomics Canada in the Global Testbank for Macroeconomics Canada in the Global Testbank for Macroeconomics Canada in the Global Testbank for Macroeconomics Canada in the Global Testbank for Macroeconomics Canada in the Global Testbank for
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The Legendary Iqbal Khan ACTG4160: Advanced Financial Accounting! ! Inter-Corporate Investments‚ Business Combinations and Consolidations! ! Introduction! ! - Non-strategic investments can be FVTPL or FVTOCI while strategic investments range from significant influence to joint arrangements to controlled subsidiaries! - Investments under 20% are considered passive unless clearly demonstrated otherwise! - No strategic advantage in terms of ability to influence or control the investee!
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1. General Description of the Course Book - ‘Success – Intermediate’ Success is a six – level course for upper secondary students‚ taking learners from zero beginner to an advanced level of English competency. It is an ELT course which draws from the most cutting-edge developments in ELT methodology and has an interactive approach to learning. The Students’ Book contains 14 thematic units‚ each consisting of 8 pages. Each unit is clearly divided into sections‚ i.e. Grammar and Listening‚ Reading
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* Write a 200- to 300-word response defining what intermediate sanctions are‚ their purpose in the criminal justice process‚ and their function as a sentencing alternative. Then‚ answer this question: Do you feel intermediate sanctions are an appropriate punishment? Explain your rationale. * Intermediate sanctions are sanctions that are more restrictive than probation and less restrictive than imprisonment. The main purposes of intermediate sanctions are to reduce the pressures of overcrowded
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