Which the amount of accounts receivable pledged should be

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Problem 1: If there is evidence that an impairment loss on loan receivable has been incurred, the loss is equal to excess of ______over the _____

A. carrying amount of loan; present value of cash flows related to the loan
B. present value of loan; carrying amount of loan
C. carrying amount of loan; principal amount of loan
D. principal amount of loan; carrying amount of loan

Problem 2: Long term notes receivable which bears no interest or minimal interest should be recognized initially at:

A. face value
B. maturity value
C. present value
D. current value

Problem 3: If accounts receivable is pledged against borrowings, the amount of accounts receivable pledged should be:

A. included in total receivables without disclosure
B. included in total receivables with disclosure
C. excluded from total receivables without disclosure
D. excluded in total receivables with disclosure

Reference no: EM132778156

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