How should ions-term debt be reported if it matures within one year and the cormpary has arranged, before its current year end, to corvert the debt into shares? as non-curreft and accompanied with a note explaining the method to beused in its liquidation as non-currect as a current liability in a special section between labilities and thareholders' equity Attempts: 0 of 1 used The debt to total assets ratio is calculated by dividing total liabilities by total assets. total assets by total fiabilities. current liabilitios by total assets. fong-term liabilities by total assets Attempts: 0 of 1 us Under ASPE, in a troubled debt restructuring in which the debt is continued with modified terms and the carrying amount of the debt is less than the total future cash flown, an extraordinary Bain should be recognized by the debtor. a new effectige interest rate must be calculated. a gain should be recognized by the debtor. no interest expense or revenue should be recognized in the future. Atternpts: 0 of 1 used Which of the following statements is correct? IFRS requires the effective interest method to be used to arnortire bond premiums and discounte ASPE permits either be eifective interest method or the straight-line method effective interest inethod or the straigft-line method Both IFRS and ASPE require the effect ve kiterest me thed to be ined to amortize bond premions and dicounts. BethIFRS and ASPE permit either the effecthe interest method or the straight-tine methed to be used to amortize bond. premiums and discounts