Which a present obligation that is possible

Assignment Help Accounting Basics
Reference no: EM132757023

Problem 1: If the carrying amount of an asset is less than its recoverable amount, the asset ...

a) is impaired                     c) is not impaired

b) should be written-down       d) should be written off in P&L

Problem 2: According to PAS 37, a present obligation that is possible and can be measured reliably is...

a) recognized              c) disclosed only

b) recognized disclosed   d) ignored

Reference no: EM132757023

Questions Cloud

Which provisions are incorrect : According to PAS 37, provisions are (choose the incorrect statement).? presented in statement of financial position separately from other types of liability.
What is the equation to calculate risk for these six stocks : The risk (variance) of this portfolio equals 0.333. What is the equation to calculate risk (variance) for these six stocks
Explain the relevance of variable and fixed costs : Explain the relevance of variable and fixed costs when using incremental analysis. The response must be typed, times new roman.
Discuss three ways improving self-perception : Discuss three ways improving self-perception can help you improve your communication in professional, academic, personal, and civic aspects of your life.
Which a present obligation that is possible : According to PAS 37, which a present obligation that is possible and can be measured reliably is? disclosed only. / recognized disclosed
What depreciation charges can it claim on the asset : Bernstein Tractor Company has just invested in new equipment costing $12,000. What depreciation charges can it claim on the asset
Major components of strategic management process : Identify the major components of the strategic management process. Discuss how these components work together to create value for the organization.
Which the discount rate to be used in discounting : According to PAS 36, when measuring an asset's value in use, the discount rate to be used in discounting the estimated cash flow should be the
What would be effective anualized rate of return of trade : What is the "set up" trade you should execute to "arbitrage" this merger? Assuming the transaction closes on time and as expected what would be the effective.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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