Homework Answers
- Contingencies means any uncertain event which may or may not occur in future. For example, a road accident, any legal suit filed on the company by an investor, etc.
- The contingent liabilities are not probable and its amount cannot be determined with substantial accuracy. This it is not recorded on the books of accounts but shown as a foot note on the balance sheet.
- The contingent assets are not probable and its amount cannot be determined with substantial accuracy. This it is not recorded on the books of accounts but shown as a foot note on the balance sheet
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P11-39. Describe the nature of contingent assets and liabilities (L.O. 11-3) (Medium - 10 minutes) Explain...
five years S P11- P11-25. Balance sheet classification of non-current obligations in default L.O. 11-2) Medium...
five years S P11- P11-25. Balance sheet classification of non-current obligations in default L.O. 11-2) Medium -- 5 minutes) Explain how a non-current obligation in default is reported in the financial statements. L.O. 11-2) (Medium - 10 minutes) of
CP P11-24. Current versus non-current liabilities--balance sheet classification of maturing liabilities (L.O. 11-2) Medium - 5...
CP P11-24. Current versus non-current liabilities--balance sheet classification of maturing liabilities (L.O. 11-2) Medium - 5 minutes) Explain how a long-term loan maturing within one year of the balance sheet date is reported in the financial statements, assuming that the company intends to renew the liability for a further five years. oblastiane in default
P14-7. Nature and identification of financial instruments L.O. 14-1) (Medium - 10 minutes) Identify the examples...
P14-7. Nature and identification of financial instruments L.O. 14-1) (Medium - 10 minutes) Identify the examples of derivatives that follow as one of the following: Forward contract Future contract Option Warrant Swap a Canadian Inc. (which has some US operations) contracts with American Corp. (which has some Canadian operations) to pay the interest and principal on a US$20,000,000 loan in exchange for American Corp making the payments on a Canadian dollar loan of equal value. b. Marianne Corp contracts with...
L.O. 11-1) A ist of liabilities follows. For each item, indicate by using the letter C...
L.O. 11-1) A ist of liabilities follows. For each item, indicate by using the letter C that it will be reported ai current liability, N that it will be reported as a non-current liability, or B that it potentiany can be reported as either or both a current and non-current liability. For obligations that you determine to be N or B, briefly explain why this is the case. P11-5. Current and non-current liabilities Current or non-current Explanation Item Liability liability,...
Please explain the effect of each of these senarios on the assets and liabilities of the...
Please
explain the effect of each of these senarios on the assets and
liabilities of the Fed. Thanks!
b. Describe how the balance sheet of the Fed is affected under each of these scenarios (point out changes to both assets and liabilities) and defend your answer: (a) The Fed sells $1 million dollar's worth of government bonds to banks. (b) $1 million dollar's worth of mortgage-backed securities held by the Fed expire and are paid in full by the issuers...
assets Total current liabilities Debt Ratio C. Debt ratio -the proportion of a company's assets financed...
assets Total current liabilities Debt Ratio C. Debt ratio -the proportion of a company's assets financed with debt. Debt ratio = Total Liabilities Total Assets D How transactions affect the ratios Given the following balances: Current Assets $150,000 Current Liabilities 75,000 Total Assets Total Liabilities 300,000 120,000 1. What is net working capital? 2. What are the current and debt ratios? 3. How would the following transactions affect the current ratio & the debt ratio (Improve, Deteriorate, No Change)? a....
11. If interest rates are falling, and Interest Sensitive Liabilities are greater than Interest Sensitive Assets,...
11. If interest rates are falling, and Interest Sensitive Liabilities are greater than Interest Sensitive Assets, is this favorable or unfavorable to the bank? (2) Why? (3) 12. When dealing with Structure of Funds Management, what are the three (3) Types of Deposits that Banks have to manage? Name them, and briefly describe each. (6) a) b) c) 13. What is Securitization? (2) 14. Name two (2) reasons why Banks use Securitizations? (4) 15. What is CDARS (2)? What is...
5. Entropy Discussion (10 pts) a. Describe an irreversible biological process that occurs in nature. b....
5. Entropy Discussion (10 pts) a. Describe an irreversible biological process that occurs in nature. b. Describe a biological process in nature that is nearly reversible. c. Describe a natural process that involves an increase in entropy. d. Use examples to argue for the view that "entropy is like an executive who instantly determines what will happen, whereas energy is like a bookkeeper telling us how little we can afford".
Chapter 11: Plant Assets and Intangible Assets To what types of long-lived assets do the following...
Chapter 11: Plant Assets and Intangible Assets To what types of long-lived assets do the following expenses apply: depreciation, depletion, and amortization? 2.) Describe how to measure the cost of a plant asset. Would an ordinary cost of repairing the asset after it is placed in service be included in the asset’s cost? 3.) When assets are purchased as a group for a single price and no individual asset cost is given, how is each asset’s cost determined? 4.) Explain...
11. (LO 3) Which financial statement reports assets, liabilities, and stockholders' equity? a. Income statement. oblolos...
11. (LO 3) Which financial statement reports assets, liabilities, and stockholders' equity? a. Income statement. oblolos b. Retained earnings statement.lt c. Balance sheet. d. Statement of cash flows.
five years S P11- P11-25. Balance sheet classification of non-current obligations in default L.O. 11-2) Medium -- 5 minutes) Explain how a non-current obligation in default is reported in the financial statements. L.O. 11-2) (Medium - 10 minutes) of
CP P11-24. Current versus non-current liabilities--balance sheet classification of maturing liabilities (L.O. 11-2) Medium - 5 minutes) Explain how a long-term loan maturing within one year of the balance sheet date is reported in the financial statements, assuming that the company intends to renew the liability for a further five years. oblastiane in default
P14-7. Nature and identification of financial instruments L.O. 14-1) (Medium - 10 minutes) Identify the examples of derivatives that follow as one of the following: Forward contract Future contract Option Warrant Swap a Canadian Inc. (which has some US operations) contracts with American Corp. (which has some Canadian operations) to pay the interest and principal on a US$20,000,000 loan in exchange for American Corp making the payments on a Canadian dollar loan of equal value. b. Marianne Corp contracts with...
L.O. 11-1) A ist of liabilities follows. For each item, indicate by using the letter C that it will be reported ai current liability, N that it will be reported as a non-current liability, or B that it potentiany can be reported as either or both a current and non-current liability. For obligations that you determine to be N or B, briefly explain why this is the case. P11-5. Current and non-current liabilities Current or non-current Explanation Item Liability liability,...
Please
explain the effect of each of these senarios on the assets and
liabilities of the Fed. Thanks!
b. Describe how the balance sheet of the Fed is affected under each of these scenarios (point out changes to both assets and liabilities) and defend your answer: (a) The Fed sells $1 million dollar's worth of government bonds to banks. (b) $1 million dollar's worth of mortgage-backed securities held by the Fed expire and are paid in full by the issuers...
assets Total current liabilities Debt Ratio C. Debt ratio -the proportion of a company's assets financed with debt. Debt ratio = Total Liabilities Total Assets D How transactions affect the ratios Given the following balances: Current Assets $150,000 Current Liabilities 75,000 Total Assets Total Liabilities 300,000 120,000 1. What is net working capital? 2. What are the current and debt ratios? 3. How would the following transactions affect the current ratio & the debt ratio (Improve, Deteriorate, No Change)? a....
11. If interest rates are falling, and Interest Sensitive Liabilities are greater than Interest Sensitive Assets, is this favorable or unfavorable to the bank? (2) Why? (3) 12. When dealing with Structure of Funds Management, what are the three (3) Types of Deposits that Banks have to manage? Name them, and briefly describe each. (6) a) b) c) 13. What is Securitization? (2) 14. Name two (2) reasons why Banks use Securitizations? (4) 15. What is CDARS (2)? What is...
5. Entropy Discussion (10 pts) a. Describe an irreversible biological process that occurs in nature. b. Describe a biological process in nature that is nearly reversible. c. Describe a natural process that involves an increase in entropy. d. Use examples to argue for the view that "entropy is like an executive who instantly determines what will happen, whereas energy is like a bookkeeper telling us how little we can afford".
11. (LO 3) Which financial statement reports assets, liabilities, and stockholders' equity? a. Income statement. oblolos b. Retained earnings statement.lt c. Balance sheet. d. Statement of cash flows.
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