The accounting for bonds payable is:. a. essentially the same under IFRS and GAAP.
b. differs in that GAAP requires use of the straight-line method for amortization of bond premiumand discount.
c. the same except that market prices may be different because the present value calculations are different between IFRS and GAAP.
d. not covered by IFRS.

Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this

After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.

Which two of the following are benefits of consumer programs