What rate is used when computing the present value of the new liability arising from modification of terms? A.new stated rate B.new stated rate C.old stated rate D.old effective rate
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What rate is used when computing the present value of the new liability arising from modification of terms?
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- Decreases in the projected benefit obligation due to an increase in interest rate are called (enter 1, 2, 3, or 4 that represents the correct answer): Asset Gains Asset Losses Liability Gains Liability LossesDescribe When Short-Term Obligations of liabilities Are Expected to Be Refinanced.Which of the following would not be considered a general long term liability?Select one:a. Long term promissory notesb. Long term portion of judgementc. Unfunded compensated absencesd. Unfunded rent obligation
- Describe Short-Term Obligations Are Expected to Be Refinanced.Which of the following is not affected by a change in interest expense? a. gross margin b. EBIT c. ROE d. a. and b e. all of the above2. Which of the following may not be equal to the contract rate of interest? a. stated rateb. nominal ratec. face rated. effective rate
- Outstanding rent is Select one: a. Long term liability O b. A revenue O c. A current liability O d. A current assetWhen the fair value of plan assets is multiplied with a discount rate, an interest expense arise. True or false?In the amortization table, how is the amortization of discount of premium computed?
- Loans and receivable should be measured subsequent to initial recognition at * a. Amortized cost using the straight line method b. Fair value c. Fair value plus transaction cost d. Amortized cost using the effective interest method_____ is a contract that involves compensation for specific potential future losses in exchange for periodic payments and that provides for the transfer of the risk of a loss, from one entity to another, in exchange for a premium. a.Spot contract b.Insurance c.Hedging d. Forward contractChoose the correct statement below:A. Contingent liability is both probable and measurable.B. An intangible asset is an identifiable asset with physical substance.C. A contingent asset is recognized in the period when realized.Lease liability is a current liability.D. Lease liability is a current liability.