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ACC 290 Week 3 WileyPLUS Assignment

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ACC 290 Week 3 WileyPLUS Assignment Resource: WileyPLUS Click Assignment: Week 3 Assignment within WileyPLUS to complete the following exercises: Brief Exercise 4-1 Problem 4-2A Problem 4-3A BYP 4-1 IFRS Practice Question 1 IFRS Practice Question 2 IFRS Practice Question 3 IFRS Practice Question 4 Problem 4-2A Ken Lumas started his own consulting firm, Lumas Consulting, on June 1, 2014. The trial balance at June 30 is as follows Problem 4-3A The Solo Hotel opened for business on May 1, 2014. Here is its trial balance before adjustment on May 31. Broadening Your Perspective 4-1 The financial statements of Tootsie Roll are presented below IFRS Practice Question 1 GAAP: IFRS Practice Question 2 Which of the following statements is false? IFRS Practice Question 3 As a result of the revenue recognition project being undertaken by the FASB and IASB IFRS Practice Question 4 Which of the following is false? Brief Exercise 4-1 Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example

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