Question 1 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 timeframe. Discuss the nature of this loan, its measurement and if it should be disclosed as equity or as debt. Response: Click or tap here to enter text. Question 2 The issue of legitimacy is significantly important for any organisation. It is not only important to do the right thing, but it is equally important to communicate that it is doing the right thing. Discuss this statement. Response: Click or tap here to enter text. Question 3 While discussing the treatment of advertising expenditure, a lecturer states that advertising should be expensed in the period incurred. However, some students are unsure why and ask if there is any exception to this treatment.