On 1 March 20X2 PQR purchased a debt instrument from the market for USD105,000, the par value of the instrument was USD100,000. At 31 December 20X2 the fair value of the instrument is USD112,000 and the amortised cost has been calculated to be USD104,000.PQR does not hold this type of asset for contractual cash flows.At what amount should the investment be included in PQR’s statement of financial position as at 31 December 20X2?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .IAS 32 Financial Instruments: Presentation classifies issued shares as either equity instruments or financial liabilities. An entity has the following categories of funding on its statement of financial position:(1) A preference share that is redeemable for cash at a 10% premium on 30 May 20X5.(2) An ordinary share which is not redeemable and has no restrictions on receiving dividends.(3) A loan note that is redeemable at par in 2020.(4) An irredeemable loan note that pays interest at 7% a year.Applying IAS 32, how would each of the above be categorised in the statement of financial position?
A As an equity instrument：1 and 2 only ；As a financial liability：3 and 4 only B As an equity instrument：2 and 3 only ；As a financial liability：1 and 4 only C As an equity instrument：2 only； As a financial liability：1, 3 and 4 only D As an equity instrument：1, 2 and 3 only； As a...
2 .How should convertible debt be classified in accordance with IAS 32 Financial Instruments: Presentation?
A As either a liability or equity based on an evaluation of the substance of the contractual arrangement B As separate liability and equity components , basing the liability element on the present value of future cash flows C As equity in its entirety, on the presumption that all options to convert ...
3 .How should the proceeds from issuing a compound instrument be allocated between liability and equity components in accordance with IAS 32 Financial Instruments: Presentation?
A The liability component is measured at fair value and the remainder is allocated to the equity component B The equity component is measured at fair value and the remainder is allocated to the liability component C The fair values of both the components are estimated and the proceeds allocated prop...
4 .In the current financial year, Natamo has raised a loan for USD3m. The loan is repayable in 10 equal half-yearly instalments. The first instalment is due six months after the loan was raised.How should the loan be reported in Natamo’s next financial statements?
A As a current liability B As a non-current liability C As equity D As both a current and a non-current liability
5 .What is the finance charge to LMN’s profit or loss for the year ended 31 December 20X3?
A USD160,000 B USD248,000 C USD260,000 D USD274,000
7 .On 1 January 20X2 XYZ issued USD1,000,000 4% convertible loan notes, at a discount of 95.The loan notes are redeemable in five years at a premium of 10%.What are the total finance costs that should be charged to profit or loss over the fiveyear term of the convertible loan notes?
A USD350,000 B USD345,000 C USD250,000 D USD200,000
8 .In accordance with IFRS 9 Financial Instruments, under what circumstances, can an entity classify financial assets that meet the amortised cost criteria as at fair value through profit or loss?
A Where the instrument is held to maturity B If doing so eliminates an accounting mismatch C Where the financial asset passes the contractual cash flow characteristics test D Where the business model approach is adopted
9 .A company is to publish the following additional statements, all of which are consistent with the statement of comprehensive income and the statement of financial position.(1) Directors’ report(2) Chairman’s report(3) Statement of cash flow(4) Value added statement(5) Five year summary of past resultsOn which of these statements does the auditor issue an individual report?
A 1, 2 & 3 only B 3 only C 4 & 5 only D None
10 .Which of the following identifies when the letter of engagement should be sent to a new clients?
A Before the auditor formally accepts appointment and should be reviewed annually although it remains effective until replaced B As soon as possible after appointment and should be reviewed annually although it remains effective until replaced C Before the auditor formally accepts appointment and mu...
