Excerpts taken from the SEC Form 10-K of Google are reproduced online at www.wiley.com/college/pratt. This chapter listed
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Excerpts taken from the SEC Form 10-K of Google are reproduced online at www.wiley.com/college/pratt. This chapter listed and defined four basic assumptions, four principles of measurement, and two exceptions.
REQUIRED:
Review the Google Form 10-K, and find at least one example of each of the ten concepts. Indicate the accounts on Google’s balance sheet that use present value as a valuation base. Also indicate the accounts on Google’s balance sheet that use fair market value as a valuation base.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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