Ifrs no 9 is a standard that indicates accounting for

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Unformatted text preview: lable, what determines whether an investment qualifies for each approach, and what are the key features of each approach with respect to accounting for unrealized gains and losses? IFRS No. 9 is a standard that indicates accounting for investments when the investor does not have significant influence over the investee. Required: 190.Indicate (by number) the level of stock ownership that most frequently relates to each concept listed below. 191.Indicate (by number) the way each of the investments listed below usually should be accounted for under U.S. GAAP based on the information provided. ch12 Key 1. TRUE 2. FALSE 3. TRUE 4. TRUE 5. FALSE 6. FALSE 7. TRUE 8. FALSE 9. TRUE 10. TRUE 11. FALSE 12. TRUE 13. TRUE 14. FALSE 15. FALSE 16. TRUE 17. FALSE 18. TRUE 19. FALSE 20. FALSE 21. TRUE 22. TRUE 23. TRUE 24. TRUE 25. C 26. A 27. B 28. C 29. C 30. B 31. A 32. C 33. B 34. A 35. B 36. C 37. C 38. D 39. B 40. C 41. B 42. C 43. A 44. B 45. A 46. B 47. D 48. D 49. B 50. A 51. C 52. A 53. B 54. D 55. A 56. A 57. A 58. D 59. D 60. D 61. D 62. C 63. C 64. C 65. B 66. A 67. C 68. C 69. C 70. C 71. A 72. A 73. C 74. C 75. C 76. B 77. D 78. A 79. C 80. B 81. C 82. A 83. B 84. D 85. B 86. D 87. A 88. D 89. D 90. C 91. B 92. B 93. A 94. C 95. B 96. A 97. C 98. C 99. C 100. A 101. A 102. D 103. A 104. B 105. C 106. B 107. C 108. C 109. A 110. B 111. B 112. C 113. D 114. B 115. B 116. B 117. C 118. D 119. D 120. D 121. B 122. A 123. B 124. D 125. C 126. B 127. B 128. A 129. C 130. B 131. C 132. B 133. D 134. A 135. D 136. B 137. Trading securities only :: Changes in market value affect net income. and Securities available for sale only :: Changes in market value affect comprehensive income, but not net income. and Unrealized losses :: Temporary declines in the fair value of an available for sale security. and Dividends received :: Reduces the investment account balance under the equity method. and Trading securities and securities available for sale :: Reported at fair value. 138. Business model test :: One of the crit...
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This document was uploaded on 07/05/2013.

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