Question 11
Where in its financial statements should a company disclose information about its concentration of credit risks ?
Question 12
Which of the following kinds of risk must be disclosed for most financial instruments ?
Question 13
Bigco , Inc . transferred long-term receivables with a carrying value of $ 500,000 to Banco for $ 425,000 cash . Banco will collect interest on the receivables during the life of the receivables , but Bigco is obligated to repurchase the receivables prior to their maturity . What amount of receivables has Bigco surrendered control of for accounting purposes ?
Question 14
Which one of the following is not associated with accounting for a transfer of a financial asset treated as a sale by the transferor ?
Question 15
For accounting purposes , which one of the following is not a characteristic associated with the transfer of financial assets ?
Question 16
A change in the fair value of a derivative qualified as a cash flow hedge is determined to be either effective in offsetting a