The default subsequent measuremnt base for financial liabilities is O a amortised cost through profit or loss O b amortised cost using the effective interest rate O c fair value using the effective interest rate O d fair value through profit or loss The default subsequent measuremnt base for finan...

After initial recognition all financial liabilit ...

The default subsequent measuremnt base for financial liabilities is: O a. amortised cost through profit or...

Fantastic news! We've Found the answer you've been seeking!

Question:

The default subsequent measuremnt base for financial liabilities is:O a. amortised cost through profit or lossO b. amortise

Related Book For answer-question

Financial accounting

ISBN: 978-1118285909

IFRS Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

See More Books

Posted Date: Feb 21, 2022 12:09 AM

See More Questions

The cost of the fair value through profit or loss securities of Cepeda Company at December 31, 2011, is $62,000. AT December 31, 2011, the fair value of the securities is $59,000. Prepare the...
Interest Rate Swap: Profit and Default On July 1, 2014, Queen Corp. and Prince, Inc. entered into an interest rate swap on a notional amount of $1 million. With T representing the Treasury bill rate,...
Interest Rate Futures: Fair Value Hedge Fabric retailer Petren Corp. buys 300,000 yards of cloth each quarter at an average price of $3.00/yard. To finance these purchases, Petren sells $1,000 face...
In the real number system the equation a2 = 1 has exactly two solutions. Find at least eight different 3 3 matrices that satisfy the equation A2 = I3.
Refer to the data in Exercise 113. Assume that Vancouvers sales by major market are as follows: In Exercise The company would like to initiate an intensive advertising campaign in one of the two...
A bank offers a corporate client a choice between borrowing cash at 11% per annum and borrowing gold at 2% per annum. (If gold is borrowed, interest must be repaid in gold. Thus, 100 ounces borrowed...
Explain from where a corporation derives its authority.
Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate of 8%, paid annually. Today, the debt is selling at $1,050. If the firm's tax bracket is 35%, what is its percentage...
What are the PROGRESS UPDATE and RISK REVIEW for Make-A-Wish foundation? Describe briefly?
A village has six residents, each of whom has accumulated savings of $100. Each villager can use this money either to buy a government bond that pays 15 percent interest per year or to buy a year-old...
1. What surprised you (positively or negatively) about your score on the diagnostic test(s)? 2. Where do you feel you need to focus your energy this week to make the most of your learning...
1.Balanced scorecard approach, involves taking both __________ and __________ measures and examines the benefits delivered to all the organization's ____________. A. Managers/ employee/ shareholders...
A hydraulic press has an input cylinder 2 inch in diameter and an output cylinder 5 inches in diameter. a. Assuming 100% efficiency, find the force exerted on the input piston when a force of 25...
2) 3) The following table shows the average hourly wage rates for day-care centers from two locations based on two random samples. Use the table to complete parts a through c. Location 1 Location...
Weatherford International The oilfield services industry includes thousands of companies large and small that provide drilling, seismic testing, transportation, and a wide range of other services to...
If Company X has a share price of $80.50 and there are 3.014 million shares outstanding, What is the net income in 2023? Company X Balance Sheet Company X Income Statement Period Ending: 1/1/2023...
Oliver Inc. deals in specialized merchandise. The beginning inventory for the month of March was $50,000; the net purchase was $45,000; the ending inventory was $35,000. Determine the COGS of Oliver...
Place a tick in the appropriate grid to identify the balance that would be brought down in each of the following named accounts, in the books of Rizwy Mohamed: (a) In the Cash account: if Rizwy...
Delhi Company obtains Rs400,000 is cash by signing a July 1. Fredericksons fiscal year ends on September 30. What information should be reported for the note payable in the annual financial...
Financial information for Hanshew Company is presented below and on the shown below. Additional information: 1. Inventory at the beginning of 2011 was 118,000. 2. Receivables (net) at the beginning...
The comparative statements of financial position for Ramirez Company as of December 31 are presented on the shown below. Additional information: 1. Operating expenses include depreciation expense of...
Financial balances for the car hire business of Terry's Wedding Cars on 31 March 2024 are provided below in a table in accounting equation form similar to the chapter illustrations. During April, the...
Eliza Perry obtained registration to practice as an aesthetic nurse, and spent the month of July 2024 setting up her business E. Perry, Naturals. Eliza prepared a new statement of financial position...
Trans Clothing Alterations began operations on 1 August 2024 and completed the following transactions during the first month. 1. Tran deposited $$18$ 000 of her personal funds in a current account...

The default subsequent measuremnt base for financial liabilities is: O a. amortised cost through profit or...

Question:

Expert Answer:

After initial recognition all financial liabilit... View the full answer

Financial accounting

Students also viewed these accounting questions