ch17 practice

ch17 practice - CHAPTER 17 INVESTMENTS IFRS questions are...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: CHAPTER 17 INVESTMENTS IFRS questions are available at the end of this chapter. TRUE-FALSE Conceptual Answer No. Description F 1. Examples of debt securities. T 2. Definition of trading securities. F 3. Available-for-sale unrealized gains/losses. F 4. Classifying held-to-maturity securities. T 5. Fair value changes in AFS securities. F 6. Securities Fair Value Adjustment account. T 7. Accounting for trading securities. F 8. Definition of significant influence. T 9. Reporting Unrealized Holding Gain/LossEquity account. T 10. Examples of significant influence. F 11. Definition of controlling interest. T 12. Effect of dividends on investment under equity. F 13. Reporting revenue under fair value method. T 14. Definition of controlling interest. F 15. Using fair value option. T 16. Accounting for changes in fair value. F 17. Temporary declines and write downs. T 18. Necessary of reclassification adjustment. F 19. Transfer of held-to-maturity securities. T 20. Transfers from trading to available-for-sale. MULTIPLE CHOICE Conceptual Answer No. Description c 21. Debt securities. b 22. Valuation of debt securities. c 23. Held-to-maturity securities. c 24. Unrealized gain/loss recognition for securities. a P 25. Accounting for accrued interest. a S 26. Identifying securities accounted for at amortized cost. c S 27. Accounting for available-for-sale securities. b S 28. Using effective-interest method of amortization. a S 29. Identifying available-for-sale securities. d 30. Classification as held-to-maturity. b 31. Reporting held-to-maturity securities. c 32. Acquisition of held-to-maturity securities. d 33. Accounting for trading securities. c 34. Accounting for trading debt securities. c 35. Recording investments in debt securities. d 36. Calculating the issue price of bonds. c 37. Valuation of investments in debt securities. a 38. Recording amortization of bond discount. c 39. Amortization of premium/discount on investment in a debt security. Test Bank for Intermediate Accounting, Thirteenth Edition MULTIPLE CHOICE Conceptual (cont.) Answer No. Description d 40. Effective-interest rate method. c 41. Debt securities purchased between interest dates. c 42. Sale of debt security prior to maturity. b S 43. Passive interest investment. a S 44. Fair value vs. equity method. c P 45. Fair value vs. equity method. b 46. Conditions for using the equity method. d 47. Ownership interest required for using the equity method. a 48. Recording of dividends received under the equity method. d 49. Recognition of earnings of investee using the equity method. d 50. Effect of using the fair value method in error. d 51. Determine value of investment. a 52. Fair value option....
View Full Document

Page1 / 44

ch17 practice - CHAPTER 17 INVESTMENTS IFRS questions are...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online