A deposit premium can be defined as The initial payment schedule required to institute a premium finance agreement A monetary payment awarded by a court prior to a final judgment The initial premium at the beginning of the policy period A portion of the premium deposited in the bank prior to an installment payment due date

Q: definition and recognition criteria of liabilities

A: Liability is the obligation to be repaid or loss to be met in future.

Q: The journal entry to record the issuance of bonds at a premium consists of a debit to Cash, a debit…

A: Issue of bonds is one of source of finance being used in business. Under this, long term or short…

Q: How will the lender of the promissory note record the note on its books? as an expense as revenue…

A: Revenue: This is the income of a firm during an accounting period. The income is recognized as and…

Q: In computing debt servicing a number of methods are employed. Discuss the following methods used in…

A: When a loan or debt is extended, debt servicing has to be done by borrowers by paying the required…

Q: Explain in general terms how the portions of loan payments going to principal and interest change…

A: Installment loans gradually pay down the loan principal while the payments remain the same .…

Q: which of the followings is considered as long term liability :Select one .a mortgage payable .b…

A: a. mortgage payable is the right answer. Other option are incorrect as they are short term…

Q: Point out payroll relaetd liabilities from following :

A: A liability is a financial obligation to be paid in the future and is the result of a past event or…

Q: what's the difference between retirement of bond and repayment to their bond holder( assume the…

A: The answer for the theory question on difference between retirement of bond and repayment of bond…

Q: Which of the following loan commitments are within the scope of IPFRS 9? * Loan commitments that the…

A: the following loan commitments are within the scope of IPFRS 9:: Loan commitments that can be…

Q: Warranty liabilities, professional fees, and debt guarantees are examples of:  common types of…

A: Warranty Liability is a liability to replace the defect (if any) arise in the goods or services…

Q: Which of the following is a promise by the Government to pay a stated sum after expiry of the stated…

A: There are various instruments issued by Government

Q: Discount on note receivable is: Group of answer choices the amount of total interest earned as of…

A: Discounting on bills receivable or note receivable means pledging to pay before the maturity date.…

Q: Perpetual debt instruments a.    Are compound financial instruments b.    Are derivative financial…

A: Perpetual debt instruments seem to be debt funds that do not have an expiration date. The issuer…

Q: 22 - What is the name given to the person who is the debtor of the policy and will pay his debt with…

A: A promissory note is a promise to pay a certain amount and it is drawn by a debtor of the policy.

Q: An installment note is a liability requiring a series of payments to the lender. True or False True…

A: Introduction: An instalment note is a legal obligation or liability that requires the lender to…

Q: describe the fi nancial statement presentation of and disclosures relating to debt

A: A single line component of the cumulative amount of a long-term firm's liability due after one year…

Q: The discount allowed to a debtor for early payment is

A: Debtors :- Debtors are the person to whom goods and services are sold on credit.

Q: Contingent liabilities that are classified as reasonably possible or probable must each be footnoted…

A: Contingent liabilities are potential future obligations dependent on specific events, such as…

Q: A release clause in a note and deed of trust is activated by a.​the full satisfaction of the terms…

A: The release clause allows for the freeing of all or part of a property from a claim by the creditor…

Q: Discuss the impact of the balance sheet, income sheet, and statement of CF when securitization is…

A: Securitization is the process of conversion of various financial assets asset into trading…

Q: Debt securities sold to investors that must be repaid at a particular date in the future

A: ANSWER   Debt securities sold to investors that must be repaid at a particular date in the future is

Q: Which one of the following is NOT the standard covenants in loan contracts? a. Audit fee b. Actions…

A: In this question, we must understand what a loan covenant is. A loan covenant is a clause mentioned…

Q: What is the formula used to determine the amount repayable to the lender under the Cash Back Option…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Under PFRS 9, bond investments held for collection of contractual cash flows are measured at

A: As per PFRS - 9, all financial instruments are initially measured at fair value adjusted by the…

Q: unamortized premium

A: Any unamortized premium should be reported on the balance sheet of the issuing corporation as Answer…

Q: A typical provision is: a.   bonds payable. b.   cash. c.   a warranty liability. d.   accounts…

A: Provision: An economic obligation created and maintained to cover the future liability is termed as…

Q: How does the maturity date of a promissory note affect its accounting treatment?

A: Accounting treatment refers to the way in which a financial transaction or event is recorded and…

Q: Define installment Notes.

A: Installment note: Installment note is an obligation in which the defaulter needs to repay the…

Q: How do we record the interest payment (provide examples for both premium and discount amortization),…

A: Bonds are a form of debt or loan taken by the company, on which regular interest payments needs to…

Q: Installment note may be secured by a pledge of the borrows assets. Such notes are

A: Installment notes that are secured by a pledge of the borrower's assets are often referred to as…

Q: Insurance policies form the basis of an insurance company’s ________________. a. Financial…

A: Financial securities are an important part of an insurance company's investment portfolio, as they…