Method of accounting-gaap or ifrs
Based on the e-Activity research, which method of accounting (GAAP or IFRS) do you more closely agree? Explain your rationale.
Discuss whether or not the GAAP and IFRS method truly reflect the value of the asset acquired.
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During 2011, Belotti loaded and sold 4,000 tons of rock and estimated that 16,000 tons remained at December 31, 2011. At January 1, 2012, Belotti estimated that 20,000 tons still remained. During 2012, Belotti loaded and sold 8,000 tons.Belotti wo
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Based on the e-Activity research, which method of accounting (GAAP or IFRS) do you more closely agree? Explain your rationale. Discuss whether or not the GAAP and IFRS method truly reflect the value of the asset acquired.
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