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- Which of the following are recognized in other comprehensive income? service cost net interest in net defined benefit liability (asset) amortization of actuarial gains or losses difference between interest income on plan assets and return on plan assetsWhat are §1031 like-kind exchanges? And, what are qualifying assets? Please provide some examples.Describe conditions for revenue recognition under ASPE and IFRS.
- Explain the measurement principles for provisions in IAS No: 37, for " Provisions, Contingent Liabilities, and Contingent Assets".3344 An insured who wants to verify the deductible on Section I of their Homeowners policy should look at which of the following sections of the policy? a. declarations b. insuring agreements c. conditions d. limitationsDefine agency debt
- What are Statutory Legal Reserve and revenue reserve?Understand supplemental LIFO disclosures and the effect of LIFO liquidations onnet income.Which of the following statements relating to the accounting for research and development expenditure under IAS 38 is CORRECT? (i) All expenditure on research should be written off in the year incurred.(ii) All expenditure on development should be written off in the year incurred.(iii) Expenditure on research which satisfies all stipulated conditions can be capitalised.(iv) Expenditure on development which satisfies all stipulated conditions can be capitalised. Question 8 options: 1) Statements (i) & (ii) only. 2) Statements (iii) & (iv) only. 3) Statements (i) & (iv) only. 4) Statements (ii) & (iii) only.
