Briefly explain the differences between U.S. GAAP and IFRS in the measurement of an impairment loss for goodwill.

What role does the Cost Accounting Standards Board play when companies contract with the U.S. government?

Briefly describe how IFRS guidelines for recognizing revenue from multiple-deliverable arrangements differ from U.S. GAAP guidelines.

On October 1, Eder Fabrication borrowed $60 million and issued a nine-month promissory note. Interest was discounted at issuance at a 12% discount rate. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December 31, the end of the reporting period.

How does standard costing differ from actual costing?

A Question of Ethics-The IDDR Approach and Delegation. Shannon Bakke contracted with Magi-Touch Carpet One Floor & Home, Inc., to install a shower door in a bathroom in Bakke's home. Magi-Touch arranged to have the work done by VA Solutions, LLC, an independent contractor. The shower door imploded, damaging the bathroom. Bakke filed a suit in a North Dakota state court against Magi-Touch. She claimed that the installation was improper and a breach of contract. The court issued a judgment in Magi-Touch's favor, concluding that the company was not liable for the acts of its independent contractor. On this point, the North Dakota Supreme Court reversed the judgment and remanded the case. "The hiring of an independent contractor does not relieve Magi-Touch from the performance of its obligations under the contract it had with Bakke[, and] the delegation of Magi-Touch's obligation to provide labor to VA Solutions does not preclude a cause of action against Magi-Touch for a breach of the contract."

(a) Use the IIDDR approach to consider the ethics of MagiTouch's decision to oppose Bakke instead of resolving her dispute.

(b) Suppose that Magi-Touch had replaced the imploded shower door and repaired the bathroom but had refused to repaint the bathroom door. From an ethical perspective, what argument might support such a position? Discuss.

Since the 1970s, what changes have taken place to the role of committee chairpersons?

Answer these questions using complete sentences. Write out numbers. Dans votre (your) salle de classe, il y a combine de professeurs? ______

Briefly describe the guidelines for recognizing revenue from the sale of software and other multiple-deliverable arrangements.

Which of the below diseases is incorrectly paired with its type of organism?
a. Virus-HIV
b. Bacteria-Severe Acute Respiratory Syndrome (SARS)
c. Fungi-Ringworm
d. Protozoan-Malaria
e. Prion-Creutzfeldt-Jakob Disease (Mad Cow)

Choose the best completion for each sentence.

• ans
• d$\'e$cembre
• d’$\'e$tudier
• des insects
• le matin
• visiter la France J’ai sommeil ______.

Complete the sentences with the most logical expression from the list. Remember to use the correct form of avoir.

• avoir besoin
• avoir de la chance
• avoir envie
• avoir froid
• avoir peur
• avoir tort Il y a un examen demain. Nous ____ d’$\'e$tudier.

On June 28 Lexicon Corporation acquired 100% of the common stock of Gulf & Eastern. The purchase price allocation included the following items: $4 million, patent;$3 million, developed technology; $2 million, inprocess research and development;$5 million, goodwill. Lexicon’s policy is to amortize intangible assets using the straight-line method, no residual value, and a five-year useful life. What is the total amount of expenses (ignoring taxes) that would appear in Lexicon’s income statement for the year ended December 31 related to these items?

Describe value engineering and its role in target costing.