Balance Sheet (all values in £) Assets Cash Deposits with other Fls Investments (OECD gov. bonds) Repo Agreement Loans Premises ΤΑ Income Statement (all values in £) Interest Income Interest Expenses Provision for Loan Losses Non Interest Income Non interest Expense Taxes 150 1,500 15,000 1,400 17,225 1,865 34,790 2,700 1,650 180 2,120 1,000 90 Liabilities Deposits Rev Repo Agreements Equity TL 21,000 9,700 4,090 34,790
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- 11, please answer part b, thanks list of accounts Accumulated Other Comprehensive Income Allowance for Investment Impairment Bond Investment at Amortized Cost Cash Commission Expense Dividends Receivable Dividend Revenue FV-NI Investments FV-OCI Investments Gain on Disposal of Investments - FV-NI Gain on Disposal of Investments - FV-OCI Gain on Sale of Investments GST Receivable Interest Expense Interest Income Interest Payable Interest Receivable Investment in Associate Investment Income or Loss Loss on Discontinued Operations Loss on Disposal of Investments FV-NI Loss on Disposal of Investments FV-OCI Loss on Impairment Loss on Sale of Investments No Entry Note Investment at Amortized Cost Other Investments Recovery of Loss from Impairment Retained Earnings Unrealized Gain or Loss Unrealized Gain or Loss - OCIالسؤال 17 ?On a certain long term debt, principal and interest is due for payment. This will be recorded under which one of the following type of expenditure Debt service expenditure O Capital outlay expenditure.b O Revenue expenditure CO Operating expenditure.d O"Accrued interest income" would normally appear in the financial statement under *Current assetsNoncurrent assetsRevenueEquity
- If a company have a patent and it will not generate probable future economic benefits, in this case the company will: Select one: a. Derecognition. O b. None of the options. c. Not recorded. O d. Record it as an assetCollateralized Debt Obligations (CDO’s) are pools of__ a) all tranches of MBS b) the mezzanine and equity tranches of MBS c) senior tranches of MBS d) AAA tranches of MBSBalance sheet values are calculated using compound interest (present value) calculations for all of the following except a.bonds payable. b.long-term notes receivable. c.long-term lease liabilities. d.deferred income taxes.
- History Bookmarks People Tab Window Help teach X G the order of presentation of ac X m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessic When callable bonds are redeemed below carrying value, Oa. Gain on Redemption of Bonds is credited Ob. Retained Earnings is debited Oc. Loss on Redemption of Bonds is debited Od. Retained Earnings is creditedRefering from the below tables What is the current portion of long-term liabilities reported and for what type of liabilities? Non-current liabilities Long term financing 6,728,738,161 Deferred liabilities 491,518,519 Long term payables - Current liabilities Trade and other payable 2,525,6236,858 Accrued interest 124,294,821 Short term borrowing 4,657,389,209 Current position of long-term payable 457,090,780 Current position of long-term Financing 1,628,822,242 Provision for taxation 238,198,131"Accrued interest income" would normally appear in the financialstatement under A. Current assetsB. Noncurrent assetsC. RevenueD. Equity
- Indicate the proper financial statement classification for each of the following accounts: Financial Statement Statement Classification Discount on Long-term Bonds Payable Answer Answer Mortgage Notes Payable Answer Answer Long-term Bonds Payable Answer Answer Bond Interest Expense Answer Answer Bond Interest Payable Answer Answer Premium on Long-term Bonds Payable Answer____ 18. The acquisition of an asset on creditA) leaves the total assets unchangedB) decreases assets and increases liabilitiesC) increases assets and liabilitiesD) increases assets and owner’s equity____ 19. The account records long-term debt of thebusiness entity for which it has pledged certainassets as securityA) notes payableB) accounts payableC) mortgage payableD) bonds payable____ 20. The accounting equationA) is used to determine the amount of liabilities owedB) is used to determine the amount of income earnedduring the periodC) shows the claims on the owner’s equity by thecreditorsD) shows the claims on the entity’s assets by both thecreditors and the owner____ 21. When the proprietor withdraws cash or otherassets, the withdrawal account isA) debitedB) creditedC) debited and creditedD) not affected____ 22. A credit entry decreases the balance ofA) owner’s equityB) assetsC) incomeD) liabilities____ 23. When an entity pays employees for theirservices, the effect is an increase…The presentation of current and non-current liabilities in the statement of financial position (balance sheet): a. is shown only on GAAP financial statements. b. is shown on both a GAAP and an IFRS statement of financial position. c. is always shown with current liabilities reported first in an IFRS statement of financial position. d. includes contingent liabilities under IFRS.