Check and address the comments on the draft. Check and address the comments on the draft. Check and address the comments on the draft. The questions are on comment section.

1. As of December 31, 2011, what amount, if any, of sales taxes due should be

recognized in eVade's financial statements?

2. What effect, if any, does eVade's decision to participate in the tax amnesty

program have on the amount recognized as of March 31, 2012?

3. What amounts should be recognized in the financial statements for the $25

million payment on June 15, 2012?

CASE STUDY: