Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN: 9781285190907
Author: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher: Cengage Learning
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Chapter 6, Problem 16PC
To determine
Explain the proper treatment for each of the proposed arrangement from the viewpoint of the auditor, and discuss the person with respect to the Country U.S GAAP in deciding whether the transaction will result in a liability to be recorded or whether note disclosure will be sufficient. Identify whether Country U.S GAAP reporting result in a precise portrayal of the economics of the arrangement in every case.
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Financial Reporting, Financial Statement Analysis and Valuation
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