Latta Inc. is preparing its opening IFRS statement of financial position on January 1, 2010. Under its

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Latta Inc. is preparing its opening IFRS statement of financial position on January 1, 2010. Under its previous GAAP, Latta had deferred certain advertising costs amounting to $37,000.
Prepare the entry (in any) needed to record this adjustment at the data of issuance.

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Intermediate Accounting

ISBN: 978-0470616314

IFRS edition volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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