Explain Early Extinguishment of Debt.

Q: What is the journal entry to record payment of bad debt?

A: When bad debts are recovered cash/bank account shall be debited and bad debts recovery account shall…

Q: All are items that can minimise credit risk, except. Guarantor  Mortagage Collateral  Pledge

A: The chance of a loss stemming from a borrower's failure to repay a loan or satisfy contractual…

Q: Explain Options to Report Liabilities at Fair Value.

A: Introduction FASB introduces Fair Value Options to report assets and liabilities in fair value,…

Q: What disclosures are required for remote likelihood of losses?

A: Likelihood of losses means chance of occuring loss in some future events of the business. Likelihood…

Q: Describe about bad debts.

A:

Q: From the standpoint of a borrower, is long-term or short-term credit riskier? Explain

A: credit risk is define as the chances of a loss due to  borrower's failure to repay obligation in…

Q: what is disinvestment ?

A: Disinvestment:  Disinvestment means selling off the assets such as manufacturing plant, a division,…

Q: Explain the characteristics of  liabilities.

A: Liabilities:   It refers to the debts owed by the business for outside entities as a result of…

Q: What is bad debt reserves?

A: As a result, as contrast to a bad debt, which is a known account receivable that will not be paid…

Q: istinguish Liquidity from Solvency by providing concrete examples. Liquidity Exampl

A: liquidity and solvency are the two measures of company financial stability and existence of firm.

Q: What Constitutes Default?

A: When an individual or a company is unable to pay the loan amount then it's termed as default. It…

Q: Differentiate between Current liabilities, Non-Current Liabilities and Provisions. Provide an…

A: The liabilities are the amount payable by the business to the outsiders or creditors.

Q: Define Warranty Modeling?

A: It is necessary to ascertain entire lifecycle cost of a product, and this includes the costs related…

Q: Differentiate between long term liability and short term liability?

A: First of all, let is understand what a liabilty is - Any amount or sum a business or company  is…

Q: What are the factors that you need to consider in applying for a loan? Why is it important to…

A: When applying for a loan one need to consider several factors at play. Some of them are quantitative…

Q: explain deficit finance

A: Financing refers to the process where funds are provided to various investors or an individual for…

Q: funds in a must remain on deposit for a stated time period in order to avoid an interest penalty

A: The question is based on the concept of Financial analysis

Q: What are the stages and processes for resolving bad loans? note: include a reference

A: Bad Loans: When a loan made by a bank cannot be recovered, either partially or fully, it is termed a…

Q: Explain Negative Amortization Loans with example?

A: Amortization is a way to spread regular payment over time. There is a fixed rate which is paid as…

Q: How is certificate of deposit beneficial?

A: A certificates of deposit basically are a sort of the financial savings account that holds a sure…

Q: What is loss aversion?

A: What is loss aversion?

Q: Explain Friendly Foreclosure?

A: Meaning of foreclosure: Foreclosure is the formal method in which a moneylender assumes possession…