A deposit premium can be defined as The initial payment schedule required to institute a premium finance agreement A monetary payment awarded by a court prior to a final judgment The initial premium at the beginning of the policy period A portion of the premium deposited in the bank prior to an installment payment due date

Q: The printing costs and legal fees associated with the issuance of bonds should Select one: a. be…

A: As per IFRS 9 and IAS 39, bonds issuance costs shall be accounted for as a reduction from the issue…

Q: nized as a financial asset intended to collect contractual cash flows and also to sell the bonds in…

A: Interest income: Interest income is that the amount paid to an entity for lending its cash or…

Q: In computing debt servicing a number of methods are employed. Discuss the following methods used in…

A: When a loan or debt is extended, debt servicing has to be done by borrowers by paying the required…

Q: A contingent liability is an obligation that depends on the occurrence of a future event and that…

A: A contingent liability means a type of liability which probably occur depending on certain future…

Q: How should discount on bonds payable be reported on the financial statements? Premium on bonds…

A: Concept: A premium on bonds occurs if, the bonds are issued at a high price than the face value. On…

Q: On the maturity date of a bond​ investment, the journal entry includes​ ________.   A. a debit to…

A: The held-to-maturity debt investment account is classified as long-term investment account. The…

Q: Classify the following financial instruments as money market securities or capital market…

A: Money market instruments are the instruments which can be redeemed within one year but when the…

Q: Bond premium should be reported in the statement of financial position A. along with other premium…

A: A premium on bonds means investors are satisfied with a rate of interest lower than the rate stated…

Q: Which of the following loan commitments are within the scope of IPFRS 9? * Loan commitments that the…

A: the following loan commitments are within the scope of IPFRS 9:: Loan commitments that can be…

Q: The Standard IAS 37 sets the criteria for recognition and measurement of Provisions; Contingent…

A: Contingent liabilities are those  possible obligations whose existence shall be confirmed by the…

Q: Bond issue costs, such as printing fees, legal fees, commissions, etc. are most appropriately…

A: solution  Bond issue costs, such as printing fees, legal fees, commissions, etc. are most…

Q: Assume you are working in public accounting and the client you are assisting has a question on the…

A: A bond discount expense has been incurred and being an employee for a Public Accounting what…

Q: Discount on note receivable is: Group of answer choices the amount of total interest earned as of…

A: Discounting on bills receivable or note receivable means pledging to pay before the maturity date.…

Q: Define the following Bond related terms: Issue Date Face Amount Term Contract Rate Payment Frequency…

A: Bonds refers to the security issued by corporate companies or government as and when they need to…

Q: Perpetual debt instruments a.    Are compound financial instruments b.    Are derivative financial…

A: Perpetual debt instruments seem to be debt funds that do not have an expiration date. The issuer…

Q: An installment note is a liability requiring a series of payments to the lender. True or False True…

A: Introduction: An instalment note is a legal obligation or liability that requires the lender to…

Q: Which of the following is generally associated with payables classified as A/P? (A) Periodic…

A: Accounts payable means amounts repayable in respect of purchases made from suppliers.

Q: The following items are found in the financial statements. Indicate how each of these items should…

A: Introduction: Balance sheet: All assets and liabilities are shown in Balance sheet. It tells the net…

Q: The FHA implements its programs with which of the following procedures?   Providing government…

A: Federal Housing Administration: The FHA's principal purpose was to protect home mortgage loans…

Q: Identify the term being referred to: A type of bond that requires a portion of the face amount be…

A: The type of bond that pays off a portion of face value periodically includes a proportionate payment…

Q: Under PFRS 9, bond investments held for collection of contractual cash flows are measured at

A: As per PFRS - 9, all financial instruments are initially measured at fair value adjusted by the…

Q: Money market securities include: commercial paper Treasury bills negotiable certificates of deposit…

A: The money market is a part of the stock market but it is on a very small level. The wholesale market…

Q: Bond issue costs, such as printing fees, legal fees, commissions, etc. are most appropriately…

A: Bonds are a form of loan or debt which is being issued by the business, on which regular interest…

Q: Which would be the appropriate section in the codification for the following:  "Borrowings…

A: The Financial Accounting Standards Board (FASB) is an accounting body whose main purpose is to set,…

Q: When would the cost of credit life insurance be included in the finance charge and APR calculations…

A: Introduction: The cost of a credit insurance premium depends on different aspects such as the size…

Q: Bond discount should be presented in the financial statements of the issue as a(n) Contra liability…

A: >Bond discount is recorded in the books of account as the difference between Face value of Bond…

Q: Which type of short-term loan is secured with Treasury bills as collateral?   A. Federal funds…

A: A Treasury Bill  A Treasury Bill is also known as a T-Bill. It is a short-term borrowing instrument…

Q: g the investment is appropriately recognized as a financial asset intended to collect contractual…

A: Interest income: Interest income is that the amount paid to an entity for lending its cash or…

Q: The party to whom the payment is to be made in a promissory note The party making the promise to pay…

A: Solution: Promissory note is an instrument in which one party gives a written promises to another…

Q: In accounting for short-term debt expected to be refinanced to long-term debt: a.   GAAP uses the…

A: Definition:   Long-term debt: Long-term debt refers to the obligations of a firm that are due and…

Q: tion of forward rate is generally used in ______. A. immediate transactions B. previous…

A: Forward contracts are those to be settled on later period and they are not be settled today. They…

Q: Under IFRS, bond issuance costs, including the printing costs and legal fees associated with the…

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: amortized debt premium should be reported on the balance sheet of the insurer as a  Group of answer…

A: The bonds are issued at premium or discount to face value of bond. The issuer has to pay the premium…

Q: ____________is a written promise to pay a specified amount of money, usually with interest, either…

A: Debtors :- It refers to that amount due from Customer is know as Debtors.  Invoice :- It is an…

Q: The Claims Made Policy Form will pay for looses that occur at which of the following times? After…

A: Claim made policy is referred to as an insurance policy, which helps in providing the coverage at…

Q: A long-term contract under which a borrower agrees to make payments of interest and principal on…

A: Introduction: Common stock: Splitting of capital in to number of shares called as common stock.…

Q: When the initial present value of a bond payable is higher than its face amount, an entity would…

A: The answer is stated below:

Q: Briefly describe the concepts of; Letter of credit, trade deficit, negotiable instrument and credit.

A: Letter of credit is a financial instrument that is used as a mode of payment specifically for…

Q: A note payable is in the form of Select one: a. a contingency that is reasonably likely to occur. b.…

A: The balance sheet is the statement of financial position of the business.

Q: a contract that is negotiated direclty between a borrowing firm and a bank and under which the…

A: A term loan is a contract which is negotiated between the borrower and the lender according to which…

Q: How are the bonds issued, what is the appropriate journal entry? Provide example for issuing bonds.…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Bond premium should be reported in the statement of financial position A. at the present value of…

A: Solution:- Introduction:- Bond premium means investors are willing to pay more than the face value…

Q: What accounts are used to record a contingent warranty liability that is probable and estimable…

A: Warranty is a form of assurance being provided by the seller to the buyer that if there will be any…