Chapter 19, Problem 2CCTC

All of the following components of other comprehensive income are reclassified subsequently to profit or loss, except Group of answer choices A. Unrealized gain on investment in bonds securities measured at fair value through OCI B. Gain from translating financial statements of a foreign operation C. Actuarial gain on projected benefit obligation D. Unrealized gain on futures contract designated of cash flow hedge

Which of the following statements is correct? a. IFRS permits the fair value option for the equity method of accounting. b. GAAP permits recovery of impairment losses. c. Under IFRS, non-trading equity investments are accounted for at amortized cost. d. IFRS and GAAP both have a trading investment classification.

All of the following are key similarities between GAAP and IFRS with respect to accounting for dilutive securities and EPS except: a.    the model for recognizing stock-based compensation. b.    the calculation of basic and diluted EPS. c.    the accounting for convertible debt. d.    the accounting for modifications of share options, when the value increases.

which maret is not part of capital market    Options are  corportae securities market loan market  money market  government securities market

How are derivatives valued on the balance sheet? How is the adjustment to fair value recorded differently for a cash flow hedge versus a fair value hedge? That is, how does the fair value adjustment of each type of hedge affect current period net income and the accounting equation? What are the three criteria that must be met for a derivative to be classified as a hedge?   Once entities decide to buy or sell derivatives to hedge economic risks, they then need to decide whether they want to use hedge accounting; it is an election, not a requirement, even when the derivatives are for the economic purpose of hedging. This election is reminiscent of inventory accounting. Just like when a company selects an inventory method, a company is not required to select the accounting method (LIFO, FIFO, weighted average, specific unit) that most closely corresponds with the physical movement of inventory, although they are free to do so. If entities decide to elect hedge accounting, the following…

Under the conceptual framework for international financial reporting a non-controlling interest fits the definition of:   a liability. an equity item. an asset.

Which of the following statements is true?(a) The fair value option requires that some types of financial instruments be recorded at fair value.(b) The fair value option requires that all concurrent financial instruments be recorded at amortized cost.(c) The fair value option allows, but does not require, that some types of financial instruments be recorded at fair value.(d) The FASB and IASB would like to reduce the reliance on fair value accounting for financial instruments in the future.

Question: about IFRS 2. Evaluate whether the treatment of the two types of share-based payments as equity (equity- settled share based payment) or liability(cash settled share-based payment) is in line with the enhancing qualitative characteristics in the IASB Conceptual Framework?

According to the fair value principle, assets and liabilities should be reported Select answer from the options below 1.at their fair market value. 2.at their historical cost. 3.at a value agreed upon by interested parties. 4.at cost plus inflation.