Question

is FVOCI, FVTPL and financial asset amortised cost are quick asset?

is FVOCI, FVTPL and financial asset amortised cost are quick asset?
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Investment-FVOCI is considered as available for sale securities. This investment is usually classified as long term investments. This is not classified as a current asset or a quick asset.
Investment-FVTPL is considered as trading securities. This investment is usually classified as short-term investments. This is classified as a quick asset as well as a current asset.
Investment-amortized cost is considered as held till maturity securities. This investment is usually classified as long term investments. This is not classified as a current asset or a quick asset.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
financial ratios Please calculate the following ratios Current ratio Debt to asset ratio Quick ratio and...
financial ratios Please calculate the following ratios Current ratio Debt to asset ratio Quick ratio and provide me with a small interpretation on your results
Financial ratios; Please compute and interpret the following financial ratios for Walmart: Quick ratio, debt to...
Financial ratios; Please compute and interpret the following financial ratios for Walmart: Quick ratio, debt to total asset ratio, TIE ratio, P/E ratio and M/B ratio for the years 2016 and 2017.
How should borrowing costs relating to an asset being constructed over a substantial period of time...
How should borrowing costs relating to an asset being constructed over a substantial period of time be treated in the accounts? Expensed as incurred. Capitalised and amortised over the period of the construction of the asset. Accrued and amortised over the period of the loan. Capitalised as part of the cost of the asset.  
Entity A has the following debt investment classified as a Financial Assets measured at Amortised Cost:...
Entity A has the following debt investment classified as a Financial Assets measured at Amortised Cost: ·       Amortised Cost at 31 Dec 2017 = $10,000 ·       Fair Value at 1 Jan 2018 = $11,500 On 31 Dec 2015, Entity A's business model changes and the instrument is reclassified at Fair Value through P/L. What is the amount of Financial Assets after reclassification on reclassification date? Entity A has the following debt investment classified as Fair Value through P/L: ·       Fair Value at 31...
What is meant by risk-neutral pricing of a financial asset? Could you give me a simple...
What is meant by risk-neutral pricing of a financial asset? Could you give me a simple definition and use a quick example? thanks really much
Financial Management   Beach Wear has current liabilities of 350,000 a quick ratio of 1.65, inventory turnover...
Financial Management   Beach Wear has current liabilities of 350,000 a quick ratio of 1.65, inventory turnover of 4.7, and a current ratio of 2.9. what is the cost of goods sold?
What is a “financial asset”? What is a “real asset”? Can they be related? Explain how.
What is a “financial asset”? What is a “real asset”? Can they be related? Explain how.
Question A. Cash is a monetary and financial asset. It is the most liquid finance asset;...
Question A. Cash is a monetary and financial asset. It is the most liquid finance asset; it is also the standard medium of exchange for most business transactions. Cash is usually classified as a current account, however there are circumstances in which cash is classified as a non-current asset. Required: With the aid of a suitable example, explain when can be classified as a non-current asset.
The value of any financial asset is equal to the net present value of expected future...
The value of any financial asset is equal to the net present value of expected future cash flow derived from the asset, discounted at: a. The industry cost of capital b. The company’s capitalization rate c. The internal rate of return d. The investors’ required rate of return
Which of the following is not true about the impairment of financial assets? a. The recognition...
Which of the following is not true about the impairment of financial assets? a. The recognition of impairment loss follows an expected credit loss approach. b. Financial assets measured at fair value through profit or loss are scoped out regarding the recognition of impairment loss. c. Financial assets measured at fair value through other comprehensive income are scoped out regarding the recognition of impairment loss. d. An entity needs to estimate impairment loss on financial assets measured at amortised cost.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT