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Identify the underlying characteristics of debt instruments

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Question -

1) Identify the underlying characteristics of debt instruments and describe the basic approach to accounting for debt. How do debt instruments help a company?

2) What are the basic disclosures necessary to include within the notes to the financial statements? How does this information help readers of the financial statements?

3) How does the fair value option to report liabilities work? Do you agree with this approach, why or why not?

Reference no: EM133062120

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