In light of the differences identified above would kyowas, Ask an Expert

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2005 Discount rate Expected rate of return 2.5% 2.8% Thousands of U.S. Instructions Use the information on Kyowa to respond to the following requirements. (a) What are the key differences in accounting for pensions under U.S. And Japanese standards? (b) Briefly describe how differences in U.S. And Japanese standards for pensions would affect the amounts reported in the financial statements. (c) In light of the differences identified above, would Kyowa"s income and equity be higher or lower under U.S. GAAP compared to Japanese standards?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M973875

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