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Is Overfunding an Asset?
Essay specific features
Written by:
Cynthia T
Date added:
October 23, 2015
Level:
College
Grade:
A
No of pages / words:
1 / 208
Was viewed:
581 times
Rating of current essay:
Essay content:
Because abstract probable future economic benefits cannot be sold, pledged, or given away, and the fact that this definition would not accommodate a cost as being an asset, shows that Schuetze’s opinion on this prepaid pension cost case would be to not treat them as an asset.
Yes, I believe that the two statements be comparable because if a corporation files two distinctly different financial statements in two different countries, potential investors may look at them and have an adverse feeling about them; not to mention the whole situation could be potentially very confusing to them...
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Given that different countries have different accounting standards, it would not be a rare occurrence to see this take place, but one must exercise skepticism when analyzing both sets as the grey area opens up a window for any financial misrepresentation.
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