User Account

All Pages

Distinguish an equity instrument from a debt instrument

Assignment Help Financial Accounting
Reference no: EM132589398

Question 1: When is a financial asset initially recognized by an entity?

a. A financial asset is recognized when it is probable that future economic benefits will flow to the entity

b. A financial asset is recognized when the entity obtains control of the instrument

c. A financial asset is recognized when the entity obtains the risks and rewards of ownership of the financial asset

d. A financial asset is recognized when the entity becomes a party to the contractual provisions of the instrument

Question 2: All of the following financial assets shall or may be measured at fair value through profit or loss, except

a. Financial assets held for trading

b. Financial assets designated on initial recognition as at fair value through profit or loss

c. Investments in quoted equity instruments

d. Financial assets at amortized cost

Question 3: How would you distinguish an equity instrument from a debt instrument?

Question 4: What is the primary difference between accounting for a debt instrument and accounting for an equity instrument when each is carried at fair value through other comprehensive income?

Reference no: EM132589398

Questions Cloud

What is the amount of Cost of Goods Sold on the income : If the company uses the first-in, first -out inventory costing method, what is the amount of Cost of Goods Sold on the income statement
Interaction between korean leader-followers : Describe these in terms of interaction between the U.S. and Korean managers as well as interaction between Korean leader-followers.
Discuss the impact of the norris-laguardia act : Several national labor policies were created with the establishment of unions. Discuss the impact of the Norris-LaGuardia Act,
What amount should Gab Company report in December : What amount should Gab Company report in its December 31, 2016, statement of financial position as its investments in IB Co. under the fair value method
Distinguish an equity instrument from a debt instrument : What is the primary difference between accounting for a debt instrument and accounting for an equity instrument when each is carried at fair value
Calculate the march cost of goods sold : Calculate the March cost of goods sold and the ending inventory at March 31 using (a) first-in, first-out, (b) last-in, first-out
Reflect on the constructs of campinha-bacote model : Reflect on the 5 constructs of Campinha-Bacote's model of The Process of Cultural Competence in the Delivery of Healthcare Services: Cultural desire.
Working knowledge of cultural dimensions of human behavior : Do you think that a working knowledge of the cultural dimensions of human behavior at the individual and societal levels can be beneficial in your chosen career
What are the factors that need to be by auditors : Based on the above situation, what are the factors that need to be considered by the auditors in determining the appropriate audit approach

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd