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QUESTION
You are the Chief Accounting Officer of Dream Job Corporation and have been asked for your expert opinion on the following future transaction.
Determine the necessary journal entries under both US GAAP and IFRS for Dream Job Corporation to record this transaction for 2014, 2015 and 2016. Include those entries below:
Show more 3. Determine how the financial statements are impacted under IFRS compared to US GAAP, and complete the tables below.
Financial statement impact:
Income statement:
Balance Sheet:
