List two types of restrictions long-term creditors often put oncompanies when granting them a loan. How can the auditor find out about these restrictions?

Why is an owner's valuation of a borrowing business excluded from stated net worth to arrive at outside net worth?

Discuss the major factors that a lender should take into account when deciding whether to grant a long-term loan to the business.

4)What’s the difference between doubtful debt and bad debt?     5) How do I create an allowance for doubtful accounts entry?

Which of the following is an example of faithful representation?   A  Showing lease payments as a rental expense B  Being prudent by recording the entire amount of a convertible loan as a liability C  Creating a provision for staff relocation costs as part of a planned restructuring D  Recording a sale and repurchase transaction with a bank as a loan rather than a sale

a parent company has extended financial help as a low interest loan to one of its subsidiaries. the repayment date is negotiable but there is no set time frame. discuss the nature of this loan, its measurement and if it should be disclosed as equity or as debt.

What is the purpose of a statement of financial affairs? Why might this statement be prepared before a bankruptcy petition is filed?

What is the unique balance sheet disclosure that the Allowance Method requires, as opposed to the direct write-off method of accounting for bad debts?

When the original terms of a debt agreement are changed because of financial difficulties experienced by the debtor (borrower), the new arrangement is referred to as a troubled debt restructuring. Such a restructuring can take a variety of forms. For accounting purposes, these possibilities are categorized. What are the accounting classifications of troubled debt restructurings?