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- What is the amount received by partially secured creditor? A. P40,000B. P60,000C. P70,000D. P65,000Q43 The owner of the consignment stock is called______. Select one: a. debtor b. consignor c. agent d. consigneeChapter 10, Question 16: What are contingent liabilities? List three examples of contingent liabilities. When should contingent li-abilities be recorded in the accounts?
- Q12. The following are commonly used plug items, except a. cash and marketable securities b. equity c. short-term debt d. long-term debt e. all of the choicesHistory 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 creditedwhich of the follwoing are financial claims? bonds pension obligations equity both bonds and equity
- Current Liabilities - True/False 2-10MCQs 2 Liabilities are usually listed in order of magnitude, from smallest dollar amount to largest dollar amount. True Falseq2 Bonds payable are initially recognized atA. issue price minus transaction costs incurred by the entity.B. issue priceC. issue price plus accrued interestD. face value
- Question 47: Match each financial function to its best description. PMT PV Table FV Calculates the value of a bond at a later date Calculates the required payment for a bond Calculates the current value of a bondIf the difference between current assets and current liabilities is 88.7, bill payable 166.5, creditors 30, prepaid expenses 10, then what is the total current assets? Select one: O a. All the given choices are not correct Ob. 206.50 Oc. 118.70 Od. 285.20 O e. 295.20Debt securities include Oa. common stock Ob. preferred stock O c. notes and bonds O d. All of these choices