Questions from International Accounting


Q: Neopost SA is a French company operating mainly in Europe and the

Neopost SA is a French company operating mainly in Europe and the United States that sells and leases mailroom equipment. In accordance with IFRS, the company capitalizes development costs when certai...

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Q: The following Statement of Added Value (in millions of Brazilian reals

The following Statement of Added Value (in millions of Brazilian reals) was presented in the 2009 annual report of Vale S.A., a Brazilian mineral products company: Required: a. Identify the externa...

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Q: The consolidated income statement for Babcock International Group PLC is presented here

The consolidated income statement for Babcock International Group PLC is presented here: The income statement does not disclose any detail on the operating expenses that were subtracted in determini...

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Q: Palmers town Company established a subsidiary in a foreign country on January

Palmers town Company established a subsidiary in a foreign country on January 1, Year 1, by investing 8,000,000 pounds when the exchange rate was $1.00/pound. Palmers town negotiated a bank loan of 4,...

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Q: Vale S.A., a Brazilian mineral products company, provided

Vale S.A., a Brazilian mineral products company, provided the following note on a voluntary basis in its 2009 annual report: 11—Cash Generation (Unaudited) Consolidated operating cas...

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Q: Refer to the following information provided in the chapter for Arcot Company

Refer to the following information provided in the chapter for Arcot Company: • Consolidated financial statements in Exhibits 10.8 and 10.9. • Differences between L...

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Q: Refer to the following information provided in the chapter for Arcot Company

Refer to the following information provided in the chapter for Arcot Company: • Consolidated financial statements in Exhibits 10.8 and 10.9. • Differences between L...

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Q: China Petroleum & Chemical Corporation (Sinopec) provides two sets of

China Petroleum & Chemical Corporation (Sinopec) provides two sets of financial statements in its annual report. One set of financial statements is prepared in accordance with Chinese (PRC) Accoun...

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Q: SABMiller PLC was formed when U.S.-based Miller Brewing

SABMiller PLC was formed when U.S.-based Miller Brewing Company merged with South African Breweries in 2002. SABMiller uses IFRS in preparing its financial statements. The following is taken from the...

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Q: The parent company balance sheet for Babcock International Group PLC at March

The parent company balance sheet for Babcock International Group PLC at March 31, 2010, is as follows: Required: Transform Babcock’s March 31, 2010, balance sheet to a U.S. format....

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