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- Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date are an example of: Select one: A. a Level 2 input. B. a Level 3 input. C. a Level 4 input. D. a Level 1 inputSame data in I1, but assuming the use of asset revaluation method, how much is the total asset revaluation? Use parenthesis ( ) if your answer is a negative asset revaluationAnd this is a supplement of the question . What is pool rate for the material -insertion activity ? a . None of the given answers . b. 11.00 per part . c. 16.18 per part . d $1.00 per part . e $49.50 per part .
- Includes claims to specific assets in the event of default Group of answer choices Secured Unsecured Increases Asset Increases LiabilityDefine the following relative to like-kind exchanges: Boot Postponed gain or loss Gain or loss realized Gain or loss recognized1. For each of the following scenarios, indicate whether a long-term asset has been impaired (Y for yes and N for no) and, if so, the amount of the loss that should be recorded. Prepare any necessary journal entry. Do you have to subtract the carrying amount and value in use amounts for each? For the journal entries, I don't understand which journal entries you have to do, can you please explain, thank you.
- Which of the following is a false statement regarding revaluation of PPE?A. Revalued amount is either fair value or depreciated replacement cost.B. If simultaneous revaluation is not possible, revaluation can be done on arolling basis provided revaluation of the class of assets is completed withina short period of time and provided the revaluations are kept up to date.C. The difference between the PPE’s carrying amount and its revalued amount isknown as revaluation surplus and should be presented in the statement ofcomprehensive income, net of applicable tax.D. When an asset's carrying amount is increased as a result of revaluation, theincrease shall always be credited to revaluation surplus regardless of theexistence of previous impairment loss recognized. Which of the following should be included as cost of inventory?A. Depreciation expense of the delivery equipment.B. Depreciation expense of the factory machinery.C. Storage cost of finished goods.D. None from the choices. In…COMPUTE NCI IN NET ASSET (ONLY)Q1 Which of the following statement (s) is (are) true? (i) When no future economic benefits are no longer expected to flow from an intangible asset, such asset should be derecognized the financial statements of an organization. (ii) When an intangible asset is derecognized, the carrying amount should be written off as a loss in the profit or loss statement at the date of retirement of the asset. (iii) When an intangible asset is sold, the difference between the carrying amount and consideration received is recognized in the profit or loss statement at the date of the sale. (iv) Consideration to be received in the event of sale of an intangible asset should only be cash Select one: a. (ii) and (iv) only b. (i) and (ii) only c. (i) and (iv) only d. (i), (ii) and (iii) only
- Assume 4 tranches at the first level of securitization: AAA (78%), A (10%), BBB (10%), and NR (2%) What are the losses to tranches of ABS?q24 Which of the following is NOT a step in impairment testing? Select one: a. Calculate the asset’s carrying amount in the books of the entity b. Sell the asset after if the fair value is greater than the recoverable amount c. Calculate the recoverable amount of the asset d. Assess whether there are circumstances that may indicate that the asset should be impaired.Consider the following graph. According to CAPM, which of the following is TRUE? Assets E and F are overpriced Asset B is underpriced; asset E is correctly priced Assets C and D are correctly priced Assets A and C are underpriced