Questions from Intermediate Accounting


Q: Under IAS 36, there is basically one impairment test for intangible

Under IAS 36, there is basically one impairment test for intangible assets. Briefly describe the structure of that test.

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Q: What two unusual accounting actions are taken when a long-term

What two unusual accounting actions are taken when a long-term operating asset is classified as held for sale?

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Q: How does the accounting for convertible debt under IAS 32 differ from

How does the accounting for convertible debt under IAS 32 differ from the accounting prescribed by U.S. GAAP?

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Q: When a corporation writes a put option on its own shares,

When a corporation writes a put option on its own shares, what does the corporation receive? What does the corporation agree to do?

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Q: What is noncontrolling interest?

What is noncontrolling interest?

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Q: (a) What is a liquidating dividend? (b

(a) What is a liquidating dividend? (b) Under what circumstances are such distributions made?

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Q: In the United States, we use the term “equity method

In the United States, we use the term “equity method investee” to describe a company in which another company has purchased between 20 and 50% of the shares and is thus able to exert significant influ...

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Q: How can a variable interest entity (VIE) be used as

How can a variable interest entity (VIE) be used as a vehicle for off-balance-sheet financing?

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Q: How does the classification of investment securities under International Financial Reporting Standards

How does the classification of investment securities under International Financial Reporting Standards (trading, available for sale, and held to maturity) differ from the classification under U.S. GAA...

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Q: Distinguish between a pension settlement and a pension curtailment.

Distinguish between a pension settlement and a pension curtailment.

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