A put option written on non-controlling interests is? Accounting Problem: (a) Disclosed only in notes (b) Recorded as equity (c) Recognized as financial liability at present value (d) Treated as contingent liability
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- For fi nancial assets classifi ed as trading securities, how are unrealized gains and lossesrefl ected in shareholders’ equity?A . Th ey are not recognized.Please answer with reason for all why the option is correct and why the other options are incorrectIs there a consequence for reported profit or loss if a particular financial instrument, for example, a preference share, is designated as debt rather than equity? Explain the consequence.
- 5. Changes in the fair value of the effective portion of a hedging financial instrument are recognized as a part of current earnings of the period for which of the following? Cash Flow Hedge Fair Value Hedge a. Yes Yes b. No Yes c. Yes No d. No No Multiple Choice a. b. c. d.Which of the following statements is correct? a. IFRS permits the fair value option for the equity method of accounting. b. GAAP permits recovery of impairment losses. c. Under IFRS, non-trading equity investments are accounted for at amortized cost. d. IFRS and GAAP both have a trading investment classification.Which of the following is TRUE regarding the requirement for a company to exclude Short- Term Obligations from current liabilities? O It must intend to refinance the short-term obligation so that it will not require the use of working capital. O It can demonstrate the abilitly to refinance by actually refinancing the debt after the balance sheet date but before the balance sheet is issued. O It can demonstrate the ability to refinance by entering into a financing agreement. O All of the above are true.
- What is the default classification for an equity investment? A Fair value through profit or loss B Fair value through other comprehensive income C Amortised cost D Net proceedsWhat is the fair-value option for reporting equity method investments? How do the equity method and fair-value accounting differ in recognizing income from an investee?what are the examples of Items that can be adjusted directly against equity rather than including profit or loss?