FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please please answer correct with reason Based on our discussions, why are some U.S. companies already reporting under IFRS instead of GAAP? (A 44 They

please please answer correct with reason image text in transcribed

Based on our discussions, why are some U.S. companies already reporting under IFRS instead of GAAP? (A 44 They have a special government contract that requires IFRS reporting They have a parent company that requires them to report under IFRS. They believe it is coming anyway and they want to get ahead. They have a bank that requires them to report under IFRS

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Advanced Accounting

Authors: Gail Fayerman

1st Canadian Edition

9781118774113, 1118774116, 111803791X, 978-1118037911

More Books

Students also viewed these Accounting questions

Question

★★★★★
What is entrepreneurship?

Answered: 1 week ago

Question

★★★★★
The current student population of Detroit is 2300. If the population increases at a rate of 8.8% each year. What will the student population be in 9 years? Write an exponential growth model for the...

Answered: 1 week ago

Question

★★★★★
describe some research evidence on the predictors and outcomes of job crafting;

Answered: 1 week ago

Question

★★★★★
Examine an analyst report on Ford Motor Company. Who wrote the report? Outline the major contents of that analyst report. Where did you find this analyst report?

Answered: 1 week ago

Question

★★★★★
Item Prior year Current year Accounts payable 8,152.00 7,927.00 Accounts receivable 6,015.00 6,606.00 Accruals 1,030.00 1,609.00 Cash ??? Common Stock 1,155.00 11,010.00 COGS 18,212.00 12,661.00...

Answered: 1 week ago

Question

★★★★★
Please Show Work Answers are to be entered in the yellow-shaded areas. Macaulay Modified duration, duration using using the MDURATION DURATION function FUNCTION Yield (%), using Modified duration,...

Answered: 1 week ago

Question

★★★★★
Machine Company manufactures pressure-relief valves and they have determined that 0.1% of valves they produce are defective due to critical flaws which affect the material strength. Due to the...

Answered: 1 week ago

Question

★★★★★
Now having had experience with each aspect of the strategic analysis process from conducting an external and internal environment scan of current strategies, assessing a firm's current strategy and...

Answered: 1 week ago

Question

★★★★★
1. Find out the categories in Activity based costing: 1.Indirect consumables 2. Inspection of products 3.Plant security 4.Design of the product 5.Advertising costs 6.Building maintenance 2. A firm...

Answered: 1 week ago

Question

★★★★★
"Saeed Al-Ghamdi" is the third employee to enter your office today, expressing his objection to the promotion of "Abdullah Ahmed" to a supervisory position, even though he only spent one year in the...

Answered: 1 week ago

Question

★★★★★
Loyalty to the organization is the paramount duty. It requires the individual to put the interests of the corporation before self-interest. Specifically, no director is permitted to gain personally,...

Answered: 1 week ago

Question

★★★★★
=+Why were they effective? How could you continue the campaign?

Answered: 1 week ago

Question

★★★★★
=+Who's your primary audience?

Answered: 1 week ago

Question

★★★★★
=+What do they need to hear?

Answered: 1 week ago

Previous Question Next Question