Q. Distinguish between financial assets and real assets for each of the following characteristics. i. Divisibility ii. Marketability iii. Holding period iv. Information availability

Q: Distinguish between financial assets and real assets for each of the following characteristics.

A: Solution- Financial assets consist of cash and other monetary assets and receivables in the form of…

Q: Which statement of financial position accounts are most affected by financing activities?   a.…

A: Changes in non current assets are reflected in cash flow from investing activities Changes in non…

Q: Which statement is incorrect regarding presentation and disclosure of financial assets? a.…

A: Solution: The incorrect statement regarding presentation and disclosure of financial assets " The…

Q: PFRS 9, Financial Instruments deals with the measurement and classification of which of the…

A: Financial Instruments deal with the measurement and classification of financial assets, Financial…

Q: Choose the correct. On a statement of financial affairs, how are liabilities classified?a. Current…

A: Statement of affairs: It refers to a statement of the assets and liabilities of a company. A…

Q: Classify each of the following items as assets (A), liabilities (L), or equity (EQ). Owner, Capital

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Q: How do you identify an asset with reference to AASB? How should an asset be recognized in the…

A: Step 1  An asset is a tangible or intangible attribute having financial or economic value that an…

Q: 9. Which of the following statements is correct? The term non-current assets įncludes tangible,…

A: As per our protocol we provide solution to one question only but you have asked multiple questions…

Q: Identify and fully explain any FOUR qualitative characteristics of useful financial information.

A: Lets understand the basics. Financial information means a information which is denominated in the…

Q: ) Explain liquid asset management as it relates to a financial institu

A: As per company policy, it s only possible to solve the first part.

Q: c. Distinguish between financial assets and real assets for each of the followingcharacteristics.…

A: Assets can be any resources that possess and administrated by any entity. It includes resources such…

Q: for the asset turnover ratio, which of the following best describes net assets? A. Fixed Assets +…

A: Asset turnover ratio is a measure which says that how effectively business assets are generating…

Q: _Accounting concept is in valuation of fixed assets

A: Option A. Historical cost concept says fixes asset is to be recorded at the amount paid to acquire…

Q: Describe the elements of the Statement of Financial Position. Also, differentiate Current and Non…

A: Financial statement is prepared from the trial balance which include :- Profit and loss and…

Q: Discuss the rationale of using total assets as a basic in determining materiality.

A: The concept of materiality is fundamental to the entire audit process and is applied by auditor.  1.…

Q: Which of the following is correct?(i) Liabilities = Assets + Capital(ii) Assets = Liabilities –…

A: Accounting Transaction:   An economic event, which causes impact (increases or decreases the value…

Q: Define (a) assets, (b) liabilities, (c) equity, and (d) net assets.

A: Step 1   The elements of financial statements are the general categorization of items contained…

Q: In the balance sheet, assets are listed by ___? A. The importance of the asset B. their date of…

A: The balance sheet is a summary of permanent accounts prepared at the end of the accounting period.…

Q: PFRS 9 can an entity classify financial assets that meet the amortized cost criteria as at FVTPL?

A: As per PFRS 9, an entity may classify financial assets initially according to the measurement at…

Q: Define the terms assets and liabilities and give examples of each

A: Assets means anything which is owned by business and used in business. Liabilities means which the…

Q: Which of the following statements about the FASB conceptual framework, as compared to the IASB…

A: Accounting standards are the standards set by the authorized body of each country in various field…

Q: Asset                                                 Measurement Basis Cash…

A: Note payable is the amount due in promissory notes. The given notes payable are due in 36 months,…

Q: Define current assets. What basis is used for ordering individual items within the current assets…

A: Current assets represent all the assets of a company that are expected to be conveniently sold,…

Q: Which statement is incorrect regarding presentation and disclosure of financial assets?  Group of…

A: Solution: The incorrect statement regarding presentation and disclosure of financial assets is  "The…

Q: On a statement of financial affairs, how are liabilities classified?a. Current and noncurrent.b.…

A: Statement of affairs: It refers to a statement of the assets and liabilities of a company. A…

Q: The means by which individuals hold their claims on real assets in a well-developed economy are A)…

A: A financial asset is a liquid asset which, from either a legal right or ownership assertion,…

Q: The ratio quantifies the degree of available liquid assets is O Liquidity coverage ration Temporay…

A: Degree of available liquid assets means how much liquid assets available with the firm

Q: value is established on the bases of accepted accounting procedures. value is the amount that could…

A: Solution Concept Book value is the value that appears on the books of accounts . it is as per the…

Q: What does it mean to adopt a maturity matching approach to financing assets, including current…

A: Current assets financing policies are strategies which focus on finding the best method of financing…

Q: a) Distinguish between financial assets and real assets for each of the following characteristics.…

A: Differences between financial assets and real assets on the basis of certain characteristics are…

Q: Find the attached file.

A: Asset: It can be defined as any valuable resource that is controlled and owned by the business and…

Q: a. What is Liquidity Ratio? b. What is Asset Management Ratio

A: Solution of both the concepts are given below

Q: How should an asset be recognized in the financial statement? How should asset be measured?

A: The balance sheet shows the resources controlled by the entity from past events from which economic…

Q: Liquid assets is determined by Select one: a. Current assets - current liabilities O b. Current…

A: Liquid assets are the assets which is just equal to cash equivalents.

Q: The usefulness of the balance sheet is enhanced by classifying assets and liabilities according to…

A: A balance sheet is divided into three parts- Assets, liabilities and owner's equity. Each of the…

Q: ccording to IASB’s Conceptual framework for financial reporting which of the measurement bases above…

A: According to IASB'S Conceptual framework,  Measurement or reporting of the element in the financial…

Q: assets are usually valued under which basis

A: All business concerns need resources , which are called assets. These are initially provided by…

Q: a)What is the basic principle in determining the price of a financial asset? b)Why is it difficult…

A: Financial assets include cash, securities, shares, mutual funds, and bank deposits. Financial assets…

Q: To carry the value of the asset at its cost or historical value to the statement of financial…

A: The basic assumptions, rules, or conditions specifying the constraints for the working of accounting…

Q: Financial reporting purposes, long-lived, revenue-producing assets typically are classified in two…

A: Long lived assets:   Long lived assets are assets that can be held for a longer period of time and…

Q: Which of the following statements are true regarding financial instruments? (i)  Financial…

A: A primary instrument is a financial asset whose price is determined solely by its market value.…

Q: Match the items below by entering the appropriate code letter in the space provided. А. Relevance G.…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: Which statement is incorrect regarding presentation and disclosure of financial assets? Group of…

A: Option (c) i.e. FA@AC shall be presented as noncurrent is the answer.  Explanation is given in next…

Q: Out of which equation is NOT CORRECT ? Please remember to select "WHICH IS NOT CORRECT" Select one:…

A: Answer -  Total Liabilities = Total Assets - Shareholder's funds - Capital.  This equation is…

Q: Which of the following is the correct formula for calculating rate of return on total​ assets?   A.…

A: Return on assets: Return on assets is the financial ratio that determines the amount of net income…