3 pages
Using Problem Solving To Address Challenges
There was this one time in our organization when we had a problem with unexplained balances in our finances. Whenever an a …
Using Problem Solving To Address Challenges
There was this one time in our organization when we had a problem with unexplained balances in our finances. Whenever an audit was done, there was a …
Temple University Development of the Soap Kitchen Business Template
I have attached the business plan template and some additional information about the business plan.Complete the Operationa …
Temple University Development of the Soap Kitchen Business Template
I have attached the business plan template and some additional information about the business plan.Complete the Operational Plan and the Management & Organization sections in the business plan templateInclude an organization chart in the business plan templateInclude resumes for the leadership team in the business plan template
12 pages
Ex2019 Challengeyourself 8 4
Notes: Current Values column represents values of changing cells at time Scenario Summary Report was created. Changing cel …
Ex2019 Challengeyourself 8 4
Notes: Current Values column represents values of changing cells at time Scenario Summary Report was created. Changing cells for each
DePaul University China Blue Movie Discussion
Read the case Attacking the Roots: Shiraishi Garments Company and an Evolving Thicket of Business Ethics in China;Read the …
DePaul University China Blue Movie Discussion
Read the case Attacking the Roots: Shiraishi Garments Company and an Evolving Thicket of Business Ethics in China;Read the reading material Improving supplier’s situation through supplier cooperation: The case of Xintang jeans town;Watch the movie China Blue.The report should be at least one page, single space, 1 inch margins, and #12 fond. If you don’t follow this format, you will lose 2 points.
Convert income and stockholders equity from US GAAP to IFRS, ignoring income taxes
Bessrawl Corporation is a U.S.-based company that prepares its consolidated financial statements in accordance with U.S. G …
Convert income and stockholders equity from US GAAP to IFRS, ignoring income taxes
Bessrawl Corporation is a U.S.-based company that prepares its consolidated financial statements in accordance with U.S. GAAP. The company reported income in 2014 of $1,000,000 and stockholders’ equity at December 31, 2014, of $8,000,000. The CFO of Bessrawl has learned that the U.S. Securities and Exchange Commission is considering requiring U.S. companies to use IFRS in preparing consolidated financial statements. The company wishes to determine the impact that a switch to IFRS would have on its financial statements and has engaged you to prepare a reconciliation of income and stockholders’ equity from U.S. GAAP to IFRS. You have identified the following five areas in which Bessrawl’s accounting principles based on U.S. GAAP differ from IFRS. 1.Inventory 2.Property, plant, and equipment 3.Intangible assets 4.Research and development costs 5.Sale-and-leaseback transaction Bessrawl provides the following information with respect to each of these accounting differences.Inventory At year-end 2014, inventory had a historical cost of $250,000, a replacement cost of $180,000, a net realizable value of $190,000, and a normal profit margin of 20 percent. Property, Plant, and Equipment The company acquired a building at the beginning of 2013 at a cost of $2,750,000. The building has an estimated useful life of 25 years, an estimated residual value of $250,000, and is being depreciated on a straight-line basis. At the beginning of 2014, the building was appraised and determined to have a fair value of $3,250,000. There is no change in estimated useful life or residual value. In a switch to IFRS, the company would use the revaluation model in IAS 16 to determine the carrying value of property, plant, and equipment subsequent to acquisition. Intangible Assets As part of a business combination in 2011, the company acquired a brand with a fair value of $40,000. The brand is classified as an intangible asset with an indefinite life. At year-end 2014, the brand is determined to have a selling price of $35,000 with zero cost to sell. Expected future cash flows from continued use of the brand are $42,000, and the present value of the expected future cash flows is $34,000. Research and Development Costs The company incurred research and development costs of $200,000 in 2014. Of this amount, 40 percent related to development activities subsequent to the point 178 at which criteria had been met indicating that an intangible asset existed. As of the end of the 2014, development of the new product had not been completed. Sale-and-Leaseback In January 2012, the company realized a gain on the sale-and-leaseback of an office building in the amount of $150,000. The lease is accounted for as an operating lease, and the term of the lease is five years. Required Prepare a reconciliation schedule to convert 2014 income and December 31, 2014, stockholders’ equity from a U.S. GAAP basis to IFRS. Ignore income taxes. Prepare a note to explain each adjustment made in the reconciliation schedule.Your case study submission does not need to follow APA formatting. You may submit your reconciliation in Word or Excel with the key goal being to present your work in a clear and understandable fashion. For additional details, please refer to the Module Four Homework Guidelines and Rubric document.
Southwestern College Computer Applications Questions
Before you start this assignment, give some thought to the following questions:How do you utilize the Internet?How does th …
Southwestern College Computer Applications Questions
Before you start this assignment, give some thought to the following questions:How do you utilize the Internet?How does the Internet impact your daily life?How is the Internet used professionally?How will the Internet apply to your future career?In a 1-2-page Word document, summarize your ideas and provide examples on the above questions.Use the following formatting techniques to complete the assignment:Double space the document.Set spacing before and after the paragraphs to zero.Set one inch margins at the top, bottom, left, and right.Insert a header. It should contain your name. Use the header style of your choice.Insert a footer. Use a style that contains both text and a page number.Tab in the first line of each paragraph.Use bold and italics at least once properly.Check spelling and grammar.Reread (proof) before submitting.
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