Buy custom Reporting Income for Dot-coms
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Topic: |
Business
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Number of pages / Number of words: |
3 / 764 |
Essay's paper body
However, if the value can be determined and the firm has received income from a similar transaction within the last 6 months then the fair value of the transaction should be recorded. In addition, a disclaimer of the percentage the transaction holds in revenue should be disclosed in the notes section ...
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As a FASB member I would advise the company not to record the $5.5 million worth of advertisement arrangements because there is no actual cash revenue generated from the transaction. If the exchange is both of equal value of there is ultimately no affect on the income statement and therefore nothing would be recorded...
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General points of the essay
Canadian Income Tax I
E-Business Basics - Transaction Costs
Income Smoothing
Income Tax Law Research
Income Tax
Reporting Income for Dot-coms
Transaction Cost Analysis
Transaction Cost Economics
Transaction Cost Theory
Describing and Analyzing a Transaction
National Income
income
Income Gap
E-Commerce: Who Bears The Risk Of Fraud In A Banking Transaction
TPS - A Transaction Processing System
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