U.S. GAAP and IFRS require firms to disclose the fair value of long-term notes and bonds in notes to the financial statements. Fair value is
a. the amount the firm would pay to settle the debt on the date of the balance sheet.
b. the current market price in the case of items that trade in active markets.
c. the present value of the contractual cash flows discounted at a current market interest rate that reflects all the factors that market participants would consider, including the item's credit risk.
d. all of the above
e. none of the above
D
You might also like to view...
Body language is also known as _____
A. verbal communication B. paraphrasing C. haptic communication D. kinesics
Answer the following statement(s) true (T) or false (F)
6. Grit combines with deliberate practice to help the entrepreneur achieve success. 7. Informing people of what is and is not an acceptable mistake will help create a blame-free environment. 8. Experimentation is a form of planned failure that is necessary for achieving goals. 9. Cultural differences may influence the way we approach failure 10. Deliberate practice is the process of learning from good failures that provide valuable new knowledge that can help a startup innovate and stride ahead of its competition.
Although outright influence peddling is common in some international markets, it is not allowed under the Foreign Corrupt Practices Act.
Answer the following statement true (T) or false (F)
Which one of the following is not a limitation of a global strategy?
A. limited ability to adapt to local markets B. the ability to locate activities in optimal locations C. single locations may lead to higher tariffs and transportation costs D. the concentration of activities may increase dependence on a single facility