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Actuarial funding method and assumptions currently used. What impact does each of these items have on financial statement presentation?
Commissions of 10% on product price were paid to manufacturers' agents after the goods were shipped to customers.
It is too conservative because revenue is earned throughout the entire process of production.
Explain in what situations it would be appropriate to recognize revenue as the productive activity takes place.
Discuss the factors to be considered in determining when revenue should be recognized in measuring the income of a business enterprise.
Describe GASB requirements for accounting for Investment Trust Funds.
Distinguish between expenditure/expense reporting for agent multiemployer plans and cost-sharing multiemployer plans.
Identify the types of nonexchange revenues that are most likely to result in differences in the timing of recognition between the accrual and modified accrual .
What are the two methods that might be used to record infrastructure expense from year to year?
Indicate differences between fund financial statements and governmentwide statements with regard to: component units; fiduciary funds.
What are the financial reports required of all not-for-profits? What additional report is required for voluntary health and welfare organizations?
Describe the difference in accounting for contributions with a condition and a restriction.
What is the principal difference in the accounting treatment of assets and liabilities under mergers and acquisitions?
Distinguish between an endowment, a term endowment, and a quasi- endowment.
Adani Inc. sells goods to Geo Company for $11,000 on January 2, 2014, with payment due in 12 months.
Grupo sells goods on account to Grifols for $800,000, payment due in 30 days.
What factors should be considered in determining when to recognize revenue in this transaction?
Revenue from permitting others to use enterprise assets? Revenue from disposing of assets other than products?
An article indicated that when new GAAP rules were issued related to pensions, it caused an increase in the liability for pensions .
Identify and briefly describe the three sources of return to Australian investors in foreign shares. How important are currency exchange rates?
Other than pricing, what are some pitfalls that consumers might have to deal with when 2 major companies merge?
Discuss when American Airlines should recognize the revenue from ticket sales to properly match revenues and expenses.
The controllable inputs (i.e., the decision variables) for this problem are the total amount (pounds) of each of the three compounds .
Controlling financial interest means to own more/greater than 50% of the voting stock of another company.
How does IFRS differ from GAAP regarding international transactions? Are there issues in accounting for international transactions?