TOPIC HWAC DIRECTION & REQUIREMENT/S (Identify the ILOS to be assessed at the end of each requirement. Include the rubric or marking scheme for each item/requirement.) Accounting for transfer pricing 1. Zipper corporation has $250,000 beginning value of machinery, at the year-end, current value of machinery is $297,000 and general purchasing power value at year end is $265,000. Calculate Manama's real holding gain and total holding gain on machinery. 2. Sale of Apple Co. is $7,000,000, its current cost of goods sold worth is $1200,000 while the historical cost of goods sold value is $1550,000. Using current value accounting, what will be realized holding gain or loss of Apple Co. calculate gross profit at historical cost and current cost. 3. While translating the financial statements from one country to another countries requirements companies are using different translating methods. Name and list the important elements of 4 translating methods. 4. Discuss the Accounting Measurement Alternatives (i.e. real value accounting and current value accounting) 5. Discuss in detail the following elements of conceptual framework Characteristics of conceptual framework (i.e. primary characteristics and secondary characteristics) Elements of financial statements

1. Zipper corporation has $250,000 beginning value of machinery, at the year-end, current value of machinery is $297,000 and general purchasing power value at year end is $265,000. Calculate Manama's real holding gain and total holding gain on machinery. 2. Sale of Apple Co. is $7,000,000, its current cost of goods sold worth is $1200,000 while the historical cost of goods sold value is $1550,000. Using current value accounting, what will be realized holding gain or loss of Apple Co. calculate gross profit at historical cost and current cost. 3. While translating the financial statements from one country to another countries' requirements companies are using different translating methods. Name and list the important elements of 4 translating methods. 4. Discuss the Accounting Measurement Alternatives (i.e. real value accounting and current value accounting) 5. Discuss in detail the following elements of conceptual framework - Characteristics of conceptual framework (i.e. primary characteristics and secondary characteristics) - Elements of financial statements