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12 25 For any & of the situations above, list and explain the foundational principle or qualitative characteristic of nandial information that has

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" 12 25 For any & of the situations above, list and explain the foundational principle or qualitative characteristic of nandial information that has been violated. If you answer more than 5, only the first 5 will be graded Prepare a mutatap statement of comprehensive income for 2022 ignore calculation of EPS Prepare a classified statement of financial position in good form (no monetary amounts are necessary). Under the contract approach and IFRS APrepare a schedule to calculate the amount of gross profit that should be recognized each year under the percentage-of-completion method. Round the percentage complete to two decimal places. Prepare all necessary journal entries for 2020, 2021, and 2022, including closing the contract accounts pon completion of the contract, assuming the percentage-of-completion method is used CFor 2020 2021 and 2022, show how the details related to this construction contract would be disclosed on the balance sheet and on the income statement Prepare a schedule calculating the balance in Smith Corp's Allowance for Doubtful Accounts at December 31, 2022 Prepare any necessary joumal enby at year end to adjust the allowance for doubtful accounts to the required balance Prepare the entries to recond (a) the sale of Barrie's equipment and receipt of the note, the recognition of interest each year, and (c) the collection of the note at maturity Based on the information provided above, calculate the amount of inventory that should appear on Singing's December 31:2022 balance sheet. Explain all amounts that were included or excluded in the calculation 10 " 15

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