Give me answer of this question A purchase commitment represents a What?a) A firm order to buyb) A contingent assetc) A sale on creditd) An option to purchase

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Answered: A purchase commitment represents a…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter12: Liabilities: Off-balance-sheet Financing, Retirement Benefits, And Income Taxes

Section: Chapter Questions

Problem 2Q

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which one is correct please confirm? Q4: Options are contracts that give the purchasers the option to buy or sell an underlying asset the obligation to buy or sell an underlying asset. the right to hold an underlying asset. the right to switch payment streams.
A contract requiring a specified future monetary payment at a specified future point in time in exchange for the delivery of a specific asset is called a: *A. nonconvertible option.B. hedge.C. long contract.D. swap.
The seller of an option contract has the to buy or sell the underlying asset while the buyer of an option contract has the to buy or sell the underlying asset. O O O A right; obligation B с D obligation; right right; right obligation; obligation
Which of the following gives the holder the right to buy the asset at a specified strike price? OA. A future contract OB. A put OC. An ETF OD. A stock OE. A call
Which of the following gives the holder the right to sell the asset at a specified strike price? OA. A stock OB. A put OC. An ETF OD. A future contract OE. A call
Which of the following best describes an option contract? a. It gives the holder the obligation to buy or sell an underlying asset at a prespecified price for a specified time period. b. It gives the holder the right, but not the obligation, to buy or sell an underlying asset at a prespecified price for an unspecified time period. c. It gives the holder the right, but not the obligation, to buy or sell an underlying asset at a prespecified price for a specified time period. d. It gives the holder the right, but not the obligation, to buy or sell an underlying asset at an unspecified price for an unspecified time period.
Which of the following describes a short call option? O The obligation to buy an asset for a certain price The right to sell an asset for a certain price O The right to buy an asset for a certain price The obligation to sell an asset for a certain price
Which of the following correctly describes a repurchase agreement?a. The sale of a security with a commitment to repurchase the same security at a specified future date and a designated price.b. The sale of a security with a commitment to repurchase the same security at a future date left unspecified, at a designated price.c. The purchase of a security with a commitment to purchase more of the same security at a specified future date.
Which of the following may be classified as a financial asset at fair value through profit or loss a. a non derivative equity instrument b. all of these' c. a derivative d. a non-derivative debt instrument
A derivative is a financial instrument whose value is determined by _____________________. (Select two that apply) Select one or more: a. An underlying asset b. The features of the derivative itself c. Speculation d. A regulatory body such as the FTC
Describe the effect of a “bargain-purchase option” onaccounting for a capital lease transaction by a lessee.
Which

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A purchase commitment represents a What? a) A firm order to buy b) A contingent asset c) A sale on credit d) An option to purchase