All of the following statements regarding accounting treatments for liabilities under u. s. gaap and ifrs are true except: . accounting for bonds and notes under u. s. gaap and ifrs is similar. b. both u. s. gaap and ifrs require companies to distinguish between operating leases and capital leases. c. the criteria for identifying a lease as a capital lease are more general under ifrs. d. both u. s. gaap and ifrs require companies to record costs of retirement benefits as employees work and earn them. e. use of the fair value option to account for bonds and notes is not acceptable under u. s. gaap or ifrs.

The movement of an economy from one condition to another and back again

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting