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Registered: Dec 2013

posted May 10, 2014 04:15 PM            

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Here's a sample question from an old exam
"Gemini prepares its financial statements using International Financial Reporting Standards (IFRS). If Gemini cannot reliably estimate the income and expenses of customer contracts, what accounting method should be used to recognize revenues?"

Do you think CPA's believe in astrology? There are many like this one where the names of entities are planets...like pluto, or mars...I smile every time!

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