47 The following information was extracted from the accounting

The following information was extracted from the accounting records… The following information was extracted from the accounting records of Alaska Medical Supplies. Net credit sales20X5: $832,00020X4: $760,000Cost of goods sold20X5: $440,00020X4:…

Continue Reading47 The following information was extracted from the accounting

47 You’ve been hired as a brand new teacher at an urban school. So, now you’re ready to go and take ownership of your own classroom without a mentor teacher present. What’s your plan?

You’ve been hired as a brand new teacher at an urban school. So, now you’re ready to go and take ownership of your own classroom without a mentor teacher present.…

Continue Reading47 You’ve been hired as a brand new teacher at an urban school. So, now you’re ready to go and take ownership of your own classroom without a mentor teacher present. What’s your plan?

47 Is Apples explanation for why it adopted the new rules retrospectively clear (Exhibit 1)? Is it valid?

Should the FASB have overturned the software revenue recognition portion within ASC 985-605? As part of your explanation, consider whether firms will now have too much flexibility to manipulate revenues.

Continue Reading47 Is Apples explanation for why it adopted the new rules retrospectively clear (Exhibit 1)? Is it valid?