Helpp A put option written on non-controllinginterests is? Accounting Problem:a) Recognized as financial liability atpresent valueb) Recorded as equity.c) Disclosed only in notesd) Treated as contingent liability.

Explanation of Put Option on Non-Controlling Interests:A put option on non-controlling interests is…

Answered: A put option written on non-controlling…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 5MC

See similar textbooks

Similar questions

а. Define what is an off-balance sheet activity? Also provide an example of an off-balance sheet liability.
Which of the following is a counterbalancing error? O bond premium under-amortized O understated depletion expense overstated depreciation expenses prepaid expense adjusted incorrectly
1. What are contingent liabilities and could you give some examples of contingent liabilities? Which two conditions have to be met in order to report a contingent liability on a balance sheet?
TRUE OR FALSE?1. Valuation accounts also known as contra accounts or valuation reserve are neither assets nor liabilities. 2. A liability becomes payable on demand if an entity breaches a long-term loan agreement during the reporting period.
impairments on financial instruments are ? A) recognized as a realized loss if the impairment is judged to be temporary B) based on discounted cash flows for securities C) based on fair value for available-for-sale investments and negotiated values for hel-to-maturity investments D) evaluated using the CECL model similiar to receivables
Where will we record when there is a decrease in liability? a. Debit side b. Credit side c. None of the options d. Neutral
Which of the following is not generally correct about recording a sale of a debt security before its maturity date? O An entry must be made to amortize a discount to the date of sale. O The entry to amortize a premium to the date of sale includes a credit to the Premium on Debt Investments account. O A gain or loss on the sale is reported as other revenue or expense. O Accrued interest will be received by the seller even though it is not an interest payment date.
T 0r F 53. When debt is retired prior to its maturity date, a gain or loss must be recognized for the difference between the carrying amount of the debt security and the amount paid. 67. A provision should never be discounted to the present value of the expected cash outflows needed to settle the obligation 75. A contingent asset is an accrued account. 42.According to PAS 37, an entity shall recognize contingent assets that are probable.
Aa 143.
Which of the following is not a liability? A. Notes payable. B. Current portion of long-term debt. C. Deferred revenue. D. An unused line of credit.
The risk of an accounting loss from a financial instrument due to possible failure of another party to perform according to terms of the contract is known as: [A] Credit risk [B] Investment risk [C]Market risk [D]Opportunity risk.
an investment in equity instrument may not be classified as a financial asset subsequently measured at a) Fair value through profit or loss b) Amortized cost c) Fair value through other comprehensive income d) none of these

SEE MORE QUESTIONS

Recommended textbooks for you

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Auditing: A Risk Based-Approach (MindTap Course L…

Accounting

ISBN:

9781337619455

Author:

Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:

Cengage Learning

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Auditing: A Risk Based-Approach (MindTap Course L…

Accounting

ISBN:

9781337619455

Author:

Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

A put option written on non-controlling interests is? Accounting Problem: a) Recognized as financial liability at present value b) Recorded as equity. c) Disclosed only in notes d) Treated as contingent liability.