Accumulated other comprehensive income relations Selected information based on the comparative balance sheets for MosTechi Corporation (MosTechi),

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Accumulated other comprehensive income relations Selected information based on the comparative balance sheets for MosTechi Corporation (MosTechi), a Japanese electronics manufacturer; appear neat for the years ended March 31, 2008. 2007. and 2006. MosTechi applies U.S. GAAP and reports its results in millions of yen (¥). MosTechi's Other Comprehensive Income for 2007 was ¥229,238; in 2008 ii was ¥40,944. During 2008 MosTechi had Net Income of ¥126,328 and declared and paid dividends of ¥25,042. During 2008 MosTechi reported a ¥3,807 decrease to Retained Earnings to adjust for the cumulative effect of an accounting change. Compute the missing amounts for each of the threeyears.

MosTechi Corporation Balance Sheet Data March 31, 2008, 2007, and 2006 March 31 2008 2007 2006 * 624,124 * 621,709 * 626
GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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