16. Statement I: The interest rate to be used to compute for the interest income on a long-term receivable is the. Statement II: The interest rate to be used compute for the interest receivable on a long-term receivable is the a. Stated interest rate; Market interest rate b. Market interest rate; Stated interest rate c. Stated interest rate; Stated interest rate d. Market interest rate; Market interest rate
16. Statement I: The interest rate to be used to compute for the interest income on a long-term receivable is the. Statement II: The interest rate to be used compute for the interest receivable on a long-term receivable is the a. Stated interest rate; Market interest rate b. Market interest rate; Stated interest rate c. Stated interest rate; Stated interest rate d. Market interest rate; Market interest rate
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![16. Statement I: The interest rate to be used to compute for the interest income on a long-term
receivable is the.
Statement II: The interest rate to be used compute for the interest receivable on a long-term
receivable is the
a. Stated interest rate; Market interest rate
b. Market interest rate; Stated interest rate
c. Stated interest rate; Stated interest rate
d. Market interest rate; Market interest rate
17. A company can acquire significant influence or control over another company if its ownership
interest is in the form of which of the following?
a. Ordinary shares
b. Preference shares
c. Both ordinary and preference shares
d. Debt securities
19. What is the effect of share dividends of the same class on the investment account, number of
shares, and the carrying value per share?
Investment
Account
Increase
Increase
No effect
Number of
Share
Carrying value
per share
a.
Increase
Decrease
b.
Increase
Increase
C.
Increase
Decrease
d.
No effect
Decrease
Increase
20. What is the effect of share split up on the investment account, number of shares held, and
the carrying value per share?
Investment
Account
No effect
Number of
Shares
Carrying value
per share
a.
Increase
Decrease
b.
No effect
Increase
Increase
С.
Increase
Increase
Decrease
d.
Increase
Increase
Increase](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7f6807eb-6c7e-4588-81a5-3a3a37b62b42%2F3d5a4029-5240-45fc-b776-b438e7b6aa79%2F4a3kvch_processed.png&w=3840&q=75)
Transcribed Image Text:16. Statement I: The interest rate to be used to compute for the interest income on a long-term
receivable is the.
Statement II: The interest rate to be used compute for the interest receivable on a long-term
receivable is the
a. Stated interest rate; Market interest rate
b. Market interest rate; Stated interest rate
c. Stated interest rate; Stated interest rate
d. Market interest rate; Market interest rate
17. A company can acquire significant influence or control over another company if its ownership
interest is in the form of which of the following?
a. Ordinary shares
b. Preference shares
c. Both ordinary and preference shares
d. Debt securities
19. What is the effect of share dividends of the same class on the investment account, number of
shares, and the carrying value per share?
Investment
Account
Increase
Increase
No effect
Number of
Share
Carrying value
per share
a.
Increase
Decrease
b.
Increase
Increase
C.
Increase
Decrease
d.
No effect
Decrease
Increase
20. What is the effect of share split up on the investment account, number of shares held, and
the carrying value per share?
Investment
Account
No effect
Number of
Shares
Carrying value
per share
a.
Increase
Decrease
b.
No effect
Increase
Increase
С.
Increase
Increase
Decrease
d.
Increase
Increase
Increase
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