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Which of the following shall an entity disclose for loans payable recognized at the end of the reporting period? *   Select all that applies.         Details of any defaults during the period of principal, interest, sinking fund, or redemption terms of those loans payable

Which of the following shall an entity disclose for loans payable recognized at the end of the reporting period? *   Select all that applies.         Details of any defaults during the period of principal, interest, sinking fund, or redemption terms of those loans payable

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter13: Auditing Debt, Equity, And Long-term Liabilities Requiring Management Estimates
Section: Chapter Questions
Problem 31CYBK
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Which of the following shall an entity disclose for loans payable recognized at the end of the reporting period? *
 
Select all that applies.
 
 
 
 
Details of any defaults during the period of principal, interest, sinking fund, or redemption terms of those loans payable
 
 
Whether the terms of the loans payable were renegotiated, before the financial statements were authorised for issue
 
 
The fair value of the loans payable in default at the end of the reporting period
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