Debt investments are recorded at cost when purchased. True or False True False
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- True (t) or False (f) _____ The accounting for short-term debt investments and for long-term debt investments is similarDebt investment are initially recorded at: Cost Cost plus accrued interest Fair value None of the aboveThe capitalization rate used to determine the capitalizable borrowing cost should be disclosed. TRUE OR FALSE
- How to record purchase of a debt investment? Give an example.How does the cost of equity based on internal funds differ from the cost of equity based on external funds? Explain. What are the methods involved in dealing with the calculation cost of debt?Why are claims on income discretionary with equityfinancing but nondiscretionary with debt financing?
- Explain how to account for the impairment of an available-for-sale debt investment.Explain an example how to record the purchase of debt investment.The realized gain (loss) on sale of debt investments with an objective of collecting contractual cash flows and to sell when circumstances warrants is the difference of the net selling price and the fair value of the bonds. Group of answer choices False True
- Compare and contrast financing with debt vs. equity. What is being financed?What is the default classification for an equity investment? A Fair value through profit or loss B Fair value through other comprehensive income C Amortised cost D Net proceedsDescribe the key characteristics of a debt investment and demonstrate how to account for a purchase and for interest revenue.
