For each of the following financial asset classifications shown in the left column, identify the combinations of
Question:
Transcribed Image Text:
Accounting classification = Type of financial instrument + Business model Control FVPL Equity FVOCI Joint control of net assets Debt Amortized cost Significant influence Associate Derivatives To realize changes in value Joint venture To collect contractual cash flows Joint operations Joint control of assets and joint obligation for liabilities Subsidiary To sell financial assets and collect contractual cash flows
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (3 reviews)
Accounting classification Type of financial instrument Business model FVPL Equity Debt ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
For financial reporting purposes, financial assets can be put into one of seven categories: subsidiaries, joint ventures, associates, held for trading, available for sale, held to maturity, and loans...
-
Identify the notation used for each of the following concepts. a. K factorial b. The number of possible permutations of r objects that can be formed from a collection of m objects c. The number of...
-
Identify the location strategies for each of the following types of retailers. Department sorest Specialty apparel stores Category killers/specialists Grocery stores
-
In Exercises 1 through 14, compute the indicated values of the given function. f(x) = 3x 2 + 5x 2; f(0), f(2), f(1)
-
Figure 23-65 is a photograph of an eyeball with the image of a boy in a doorway. (a) Is the eye here acting as a lens or as a mirror? (b) Is the eye being viewed right side up or is the camera taking...
-
At December 31, 2016, Suisse Imports reported this information on its balance sheet. Accounts receivable..........................................$600,000 Less: Allowance for doubtful...
-
What is the relationship between the balance of payments and the rate of exchange?
-
What would be the reliability of the bank system above if each of the three components had a backup with a reliability of 0.80? How would the total reliability be different?
-
Which requirements focus on organizational fit and tie the project to documented strategic, tactical, and operational goals? Functional Requirements Administrative Requirements Customer Requirements...
-
A sample consisting of 100 employees has been given a manual-dexterity test. Given the accompanying frequency distribution, determine the approximate mean and standard deviation for these data. Data...
-
Luca Merchandising Inc. (LMI) is a privately held import and export company located in Montreal considering going public in the next fiscal year. The company decided to purchase shares in two...
-
Consider the following six investments: a. Atlantic Company buys 5,000 common shares of a publicly traded company that has 200 million shares outstanding. b. Beetleweed buys $20,000 in bonds maturing...
-
How do HTTP and HTTP-NG differ?
-
For each situation, explain why seeking out an individual saver to borrow money from is not ideal. Then, identify which function of banks eliminates the problem. Banks serve five functions. Read all...
-
In the debate over the Tax Cuts and Jobs Act of 2017, Republicans argued that businesses needed an incentive to invest more in physical capital in order for the United States to see much faster...
-
Think about the waste you create, and suggest what could you do with it?
-
What type of intervention might already be in place in your organization to help develop self- and other-awareness?
-
You are discussing buying stocks with a friend and mention that you want to buy a few shares of Amazon stock. Your friend says thats a terrible idea because Amazon has never paid dividends to its...
-
If the anemic growth experienced in the U.S. economy since the financial crisis primarily reflects slower growth of the labor force and slowing technological innovation, can monetary policy be used...
-
A test car is driven a fixed distance of n miles along a straight highway. (Here n Z+.) The car travels at one mile per hour for the first mile, two miles per hour for the second mile, four miles...
-
Drayton Inc. was incorporated under provincial legislation with a December 31 year-end. The company has a single class of shares. As at December 31, 2020, it had 200,000 shares issued and...
-
Acton Company has two classes of shares that were both issued on January 1, 2019: Class A, $100 par value, 5% preferred shares, 100,000 shares issued and outstanding Class B, no par value common...
-
Belle Ltd. (BL) is a private corporation that elects to report its financial results in accordance with ASPE. On January 1, 2021, BL, a newly incorporated company, issued (sold) 5,000, $10 par value,...
-
Make up the Assets section of a Classified Balance Sheet with at least 10 accounts (with amounts for each!) Make a Liabilities.
-
Consider the following data: Scenario Probability Return K Return K WI W2 0.1 0.4 40% 10% 10% 5% 0.5 -10% -2% Wa Let V(t)=xSi(t) + x2S2(t) (a) Assuming the initial weighting is 50% invested in S,...
-
Refer to the following adjusted trial balance Woods Company Adjusted Trial Balance For the Year Ended December 31, 2019 Cash $45,000 Accounts receivable 50,000 Inventory 96,000 Equipment 100,000...
Study smarter with the SolutionInn App