ACTG 3110 Study Guide - Final Guide: Income Statement, Total Absorption Costing, Credit Risk
1 Nov 2011
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Aspe - part ii is acceptable by the bank if you estimate bad debts, should be accounted for in allowance for bad debts, a. 6) most likely will be able to support the students since industry is getting bette r could interpret in 2 ways. million each year/ million in total (correct) million total -- debit cash, credit deferred liability, each year, recognize. 1/5th of it in one of 2 ways --> other income or netted against salary expense recognize a portion of deferred liability each year (don"t amortize) 100% freedom of choice, same net income effect, have to have note disclosure of the criteria if capital asset -- net against the capital asset or recognize deferred liabilit y, as depreciate the asset, offset depreciation expense. Ifrs 9 early adoption or not? say which one you"re picking in part i, if decide to be in ifrs 9, for bonds --> cost or amortized cost (held.
