Questions from International Accounting

Q: Which intangible assets are subject to annual impairment testing?

Which intangible assets are subject to annual impairment testing?

Q: How does an individual taxpayer qualify for the foreign earned income exclusion

How does an individual taxpayer qualify for the foreign earned income exclusion?

Q: How is goodwill measured in a business combination with a non-

How is goodwill measured in a business combination with a non-controlling interest?

Q: What are the types of differences that exist between IFRS and U

What are the types of differences that exist between IFRS and U.S. GAAP?

Q: SKD Limited is a biotechnology company that prepares financial statements using internally

SKD Limited is a biotechnology company that prepares financial statements using internally developed accounting rules (referred to as SKD GAAP). To be able to compare SKD’s financial...

Q: As a result of a downturn in the economy, Optiplex Corporation

As a result of a downturn in the economy, Optiplex Corporation has excess productive capacity. On January 1, Year 3, Optiplex signed a special order contract to manufacture custom-design generators fo...

Q: What is a gain on bargain purchase?

What is a gain on bargain purchase?

Q: What are the rules related to the recognition of a deferred tax

What are the rules related to the recognition of a deferred tax asset?

Q: What is the cutoff date for the occurrence of events after the

What is the cutoff date for the occurrence of events after the reporting period requiring adjustment to the financial statements?

Q: How are deferred taxes classified on the balance sheet?

How are deferred taxes classified on the balance sheet?