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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.  

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When we watch a production of Hamlet, we know that the actors playing Gertrude and Hamlet will not actually die after being pois
notsponge [240]

Answer:a. Willing suspension of disbelief

Explanation:

What does this phrase mean?

It occurs when we accept event as believable so that we can enjoy the the story line.

This occurs when we watch drama or read a story on the book evethough we know that these are just characters and non of this is true but still in order for us to enjoy the story to the fullest we willingly accept these characters as real in order to have a true feeling towards the story and it's message.

It like when we watch a sad movie and we find ourselves crying because we have accepted the characters to be true in order to fully enjoy the story.

8 0
3 years ago
Why you believe it is important to align it with the organization's core goals and strategic direction?
OverLord2011 [107]

Answer:

Managers must ensure that their individual goals and work - as well as that of their direct reports - is in line with the overarching strategy. Then, you can ensure that your people are driving progress daily. Proper strategic alignment ensures the work of your best talent is being effectively and efficiently utilized

4 0
3 years ago
Stacy purchased a stock last year and sold it today for $4 a share more than her purchase price. She received a total of $1.15 p
dusya [7]

Answer: B. The capital gains yield is positive.

Explanation:

The Capital Gains Yield is a percentage figure that tells how much an investment has increased in price from it's acquisition.

It works by taking the new value and dividing it by the original value.

Using Stacy as an example, the Stock increased by $4 so assuming she bought the stock for even $0.1 then her Capital Yield is,

= 4/0.1

= 40 * 100%

= 4000% which is positive

As long as the stock was sold for more than it was bought, Capital Yield Gain is positive.

7 0
3 years ago
When a business owner purchases a new truck on credit for his business,what impact does this purchase have on his owner's equity
-Dominant- [34]

Answer:

Assets = Liabilities + Owner's Equity. Answers will vary and should include a combination of revenues/gains (increases), expenses/losses (decreases)

Explanation: plz mark brainly

5 0
3 years ago
Read 2 more answers
Citrus Inc., a leading Internet service provider, provides its top managers with a bonus every year. However, this year the comp
barxatty [35]

Answer:

Extinction

Explanation:

Contingency of extinction occurs when previously reinforced behaviours are removed or changed as a result of changes in the environment. In this scenario, the behaviours that was changed in the current year was the payments of bonuses to top managers. The changes in the environment was the poor performance and average stock price dropping. It resulted in the top managers not receiving their annual bonuses this time.

4 0
3 years ago
Read 2 more answers
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