% of completion can't be applied Can you help?
    user-21492 - 03/26/2020, 5:37 pm
    GAAP - use completed contract method IFRS - use cost recovery
    0
    Long Term Debt Refinanced based on date Can you help?
    user-21492 - 03/26/2020, 5:33 pm
    Long Term debt if refianced before GAAP - issue Date IFRS - Balance Sheet date
    0
    Probable vs Likely Can you help?
    user-21492 - 03/26/2020, 5:29 pm
    GAAP loss must be probable & lowest value is used
    0
    Consolidation Can you help?
    user-21492 - 03/25/2020, 5:15 pm
    Risks & Rewards = considered for consolidation
    0
    Consolidated Cogs Can you help?
    user-21492 - 03/25/2020, 1:53 pm
    Option1 +900 Parents Cogs +500 Sub Cogs -400 Parents Cogs from Sub +15 Subs PM for amt that didn't sell (400-250 x 10%) Option2 +900 Parents Cogs +500 Sub Cogs -360 Parents Cogs from Sub that sold (400*90%) -25 Sub Cogs that didn't sell (500/2 *10%)
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    intangible asset Can you help?
    user-21492 - 03/25/2020, 12:59 pm
    Employee with skills that can't be duplicated isn't enough (he can still leave). but if he had a contract that would be intangible
    0
    contingency transfer Can you help?
    user-21492 - 03/25/2020, 12:55 pm
    The total consideration should include the FV of the contingent payment.
    0
    Probable Gain Can you help?
    user-21492 - 03/20/2020, 1:13 pm
    Probable Gain not recorded until settled.
    0
    Probable vs Possible Can you help?
    user-21492 - 03/20/2020, 1:05 pm
    Losses must be probable & recorded at lowest value
    0
    lawsuit Gains/losses Can you help?
    user-21492 - 03/20/2020, 1:02 pm
    Gains recognized when collected Losses recognized when probable at lowest value
    0
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