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Which of the total receivables will remain unchanged

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Reference no: EM132898711

Problem 1: Total receivables will remain unchanged for which of the following?

a. Notes receivable discounting without recourse

b. Collection of trade accounts receivable

c. Assignment of receivables

d. Factoring of receivables

Problem 2: An entity has 25% investment in ordinary share and 20% investment in preference share over the investee. Which of the following is TRUE?

a. The 20% may be classified as Investment at amortized cost and 25% may be classified as Investment at fair value

b. Both investments may be classified as Investment at Fair Value

c. The 25% interest may be classified as Investment at fair value and 20% may be classified as Investment in Associate

d. Both investments may be classified as Investment in Associate

Reference no: EM132898711

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