Case 4-1: Bessrawl Corporation
Task:
Read and review the selected case study from the required text, and answer the analysis questions.
After reviewing the background section of the Bessrawl Corporation in your textbook, provide answers to the following questions:
Prepare a reconciliation schedule to convert 2014 income and December 31, 2014, stockholders’ equity from a U.S. GAAP basis to IFRS. Ignore income taxes. Prepare a note to explain each adjustment made in the reconciliation schedule.
From: Doupnik, T., & Perera, H. (2014). International accounting (4th ed.) (p. 178). New York, NY: McGraw-Hill Education.
Submission Instructions:
- Each answer is to be clear and concise, and students will lose points for improper grammar, punctuation, and spelling.
- Journal articles and books must be referenced according to current APA style (the library has a copy of the APA Manual).
- Your answers must present a research-based rationale citing outside sources when appropriate.
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