Explain thoroughly why it is the answer. 1 Normal1 No Spaci.. Heading 1Heading 2x x A- V A-ParagraphStylesFontWhat is the relationship between present value and the concept of aliability?Present values are used to measure certain liabilities.O Present values are not used to measure liabilities.O Present values are used to measure all liabilities.O Present values are only used to measure non-current liabilitiesClear seleWhere is debt callable by the creditor reported on the debtor's financialstatements?

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Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 3SEQ

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MCQs 2 Liabilities are usually listed in order of magnitude, from smallest dollar amount to largest dollar amount. True False
Q12. The following are commonly used plug items, except a. cash and marketable securities b. equity c. short-term debt d. long-term debt e. all of the choices
please answer the following 2 questions: 7. Any decrease in Liability should be .. a) It depends on the circumstances b) Dedected from Net Income c) Added to Net Income d) None of the above. 8. The increase in Accounts Receivable should be deducted from the net income. a) True b) False
1. Subsequent to initial recognition, accounts receivable should be carried at a. Face Value c. Maturity Value b. Net Realizable Value d. Present Value 2. Loans and receivables are nonderivative financial assets a. With fixed or determinable payments that are not quoted in an active market. b. With fixed or determinable payments that are quoted in an active market. c. Without fixed or determinable payments that are not quoted in an active market. d. Without fixed or determinable payments that quoted in an active market. 3. Subsequent to initial recognition, loans and receivables are measured at a. Cost b. Amortized cost using straight line method c. Amortized cost using effective interest method d. Fair value 4. Trade receivables are classified as current assets when they are reasonably expected to be collected a. Within one year. b. Within the normal operating cycle. c. Within one year or within the normal operating cycle whichever is shorter d. Within one year or within the normal…
I need answer ASAP 1.b)Bills payable and promissory notes are negotiable instruments and are used mostly to replace_____Select one:O a. financial meansO b. term loansO c. long-term creditO d. trade creditO e. overdraft facilities
The net figure for accounts receivable (debtors) after deducting the allowance for uncollectible debts account: Select one: a. overstates the realisable value of debtors. b. is a contra account. c. understates the realisable value of debtors. d. represents the expected cash to be collected. e. None of the above answers is correct.
12) In the Allowance Method when we we collect on a previously written off receivableA) Assets stay the same, Net Income stays the same.B) Assets increase, Net Income increases.C) It dependsD) Assets decrease, Net Income decreases
4)What’s the difference between doubtful debt and bad debt? 5) How do I create an allowance for doubtful accounts entry?
ANSWER ASAPQ13IF the ratio of nonperforming assets to total loans and leases increases it leads to a lower credit risk exposure . True Faise
1. Modes of extinguishing obligations when creditor abandons his right to collect. (PLEASE EXPLAIN YOUR ANSWER) A. Condonation B. Forfeiture C. Debt D. Damages 2. Fall after the increase reaches a certain variable amount, this is called: (PLEASE EXPLAIN YOUR ANSWER) A. Process factor B. Law of return C. Inflation D. Supply & demand 3. It is always true that the effective rate is greater than the nominal rate when m ≥ 2. (PLEASE EXPLAIN YOUR ANSWER) A. True B. False 4. (A/F, i%, N) = (A/P, i%, N) + i (PLEASE EXPLAIN YOUR ANSWER) A. True B. False
True or False. 1. Maturity value is the amount collectible on the agreed date of payment. 2. The creditor has no right to authorize anybody to collect from the debtor. 3. A creditor may authorize anybody to accept payment from the debtor on his behalf. 4.
3. which of the following transactions will result in the increase and decrease in liability? a. payment of loan by installmentb. borrowed money from the bankc. issued a promissory note in payment of a liabilityd. request for an extension of the date of payment

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