1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sdas [7]
3 years ago
14

Sapporo K.K. was sued by a competitor in late 2017, and company management concluded that there was a 55 percent probability tha

t the company would lose the lawsuit. The best estimate of the loss on December 31, 2017, was 4,000,000 yen. In 2018, the lawsuit is concluded with Sapporo paying its competitor 5,000,000 yen on May 15, 2018.a. Determine the appropriate accounting for this lawsuit for the years ending December 31, 2017, and December 31, 2018, under (1) IFRS and (2) U.S. GAAP.b. Prepare the entry(ies) that the U.S. parent would make on the December 31, 2017, and December 31, 2018, conversion worksheets to convert IFRS balances to U.S. GAAP.

Business
1 answer:
Sophie [7]3 years ago
8 0

Answer

The answer and procedures of the exercise are attached in two images.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

You might be interested in
The __________ Rate is the interest rate the Fed charges banks and thrifts to borrow to meet the reserve requirement.
adoni [48]

Answer:

Federal funds rate

Explanation:

The federal funds rate is the interest rate at which depository institutions (banks and thrifts) lend reserve balances to each other to meet reserve requirements.

Reserve requirements are the amount of funds required by the central bank  that banks should keep as reserves to meet liabilities

the Federal funds rate is currently  maintained at a range of 0% to 0.25%

5 0
2 years ago
Which one of these is covered by a specific type of insurance policy?
irina1246 [14]

Answer:

A.Off grid homes

Explanation:

Specific type of insurance policy covers the most common perils except those specifically excluded perils such as earthquake, flood, nuclear disaster, landslide.

OFF GRID HOMES refer to homes which are self-sufficient without reliance on  modern technology and public utilities. That means that this homes do not have access to electricity, gas, water, etc.

Therefore, these homes can be insured by a specific type of insurance policy.

4 0
2 years ago
One year ago, you entered into a futures contract to buy 100,000 euros at a futures contract price of $1.22, with a settlement d
Law Incorporation [45]

Answer:

Profit of $3000

Explanation:

The exchange rate of a future contract is usually fixed at the time when the contract is buy 100,000 euros at a futures contract price of $1.22.

The Value in dollars at the time is: $122,000

At the maturity spot rate of the euro is $1.25.

The value of the contract is: $125,000

The difference:

$125,000-122,000

=$3000.

Since the maturity spot rate is higher, there is a profit of $3000 from speculating with the futures contract.

8 0
3 years ago
A rock-climbing school faces two demand curves. the demand by local residents is q = 400 – 0.5p, and the demand by others is q =
horrorfan [7]
A rock-climbing school faces two demand curves. The demand by local residents is Q = four hundred - zero.fivep and the demand by others is Q = five hundred - zero.fivep. The marginal costs of serving either local residents or other are constant at one hundred dollars. If the rock-climbing school system third-degree price discrimination, It will charge local citizens and others a price of four hundred fifty dollars and five hundred fifty dollars, respectively.
7 0
3 years ago
The Chinese economy is BEST classified as a​
disa [49]

Answer:

socialist market economy

Explanation:

Hope this helps! Please mark brainliest!

5 0
2 years ago
Other questions:
  • An investor was looking at a sixteen-unit apartment building. Four of the units rented for $600, four for $750, four for $725, a
    6·1 answer
  • A researcher reports that the effectiveness of a new marketing campaign significantly increased sales compared with the previous
    10·1 answer
  • Albert's 19-year old son, paul, lived with him all year. paul is a full-time student who earned $4500, which he put into a colle
    12·1 answer
  • Which of the following actions by a corporation would enjoy full First Amendment protection (i.e., could not be regulated)? a. a
    13·1 answer
  • Personal finance skills have the most significant impact on an individual’s
    5·1 answer
  • Olamide is a manager at a catering company, organizing an upcoming wedding. she will need to allocate a portion of her staff to
    9·1 answer
  • The study by economists Cox and Alm found that the 2006 pre-tax income of the richest fifth of U.S. households is a. 5 times the
    12·1 answer
  • Dan receives a proportionate current (nonliquidating) distribution when the basis of his partnership interest is $30,000. The di
    15·1 answer
  • Managers in a cosmetics factory have been having problems with employees starting cliques. To develop more of a team culture, th
    12·1 answer
  • Jason, your client, is developing a subdivision of 140 houses. He may place deed restrictions on as many as ______ properties.
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!