CASE 4-1 Bessrawl Corporation Reconciliation from U.S. GAAP to IFRS M $1,000,0 Income under U.S. GAAP 00 Adjustments: Reversal of write-down of inventory to replacement cost 10,000 Additional depreciation on revaluation of equipment (25,000) Impairment loss on intangible asset (5,000) deferred development costs 80,000 Reversal of amortization of deferred gain on sale and leaseback (30.000) Income under IFRS $4M M $8,000,0 Stockholdersâ€™ equity under U.S. GAAP 00 Adjustments: Reversal of write-down of inventory to replacement cost 10,000 Original revaluation surplus on equipment 600,000 Accumulated depreciation on revaluation of equipment (25,000) Impairment loss on intangible assets (brand) (5,000) Recognition of deferred development costs 80,000 Recognition of gain on sale and leaseback in 2012 150,000 Accumulated amortization of deferred gain on sale and leaseback (2009-2011) (90000) Stockholdersâ€™ equity under IFRS Â§8,720,000
This text was automatically generated from the attachment. Please refer to the attachment to view this question.
A class action lawsuit was brought against the company in October 2014 in which a number of customers reported safety issues with a specific line of products released earlier in the year. As of December 31, the companyâ€™s legal counsel indicated that there is a 60% likelihood that the company will lose the lawsuit and will have to pay between $300,000 and $500,000.
This question was created from CASE 4-1.docx https://www.coursehero.com/file/14110383/CASE-4-1docx/?focusQaId=10270376
This question was answered on: Sep 05, 2019
Buy this answer for only: $18
This attachment is locked
We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free solution (Deadline assured. Flexible pricing. TurnItIn Report provided)
Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this QuestionSTATUS
Sep 05, 2019EXPERT
GET INSTANT HELP/h4>
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
NEW ASSIGNMENT HELP?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.