What are the requirements for the disclosure of the carrying and fair values of debt?
DISCLOSURES OF CARRYING AND FAIR VALUES OF DEBT
Authoritative guidance requires firms that account for notes and bonds using the historical market interest rate to report the carrying values, or book values, on the balance sheet and
to disclose the fair value of these notes and bonds in notes to the financial statements.
The fair value of long-term debt is the amount the firm would have to pay to repurchase the debt on the market in an orderly transaction on the measurement date. The measurement date is typically the date of the balance sheet. The fair value of bonds traded in an active market is the market price of the bonds on that date. The fair value of bonds not actively traded is the present value of the contractual cash payments discounted at the interest rate a lender would require on the measurement date.
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The demand for foreign exchange results from transactions that appear on the
a. credit side of a country's balance of payments statement. b. debit side of a country's balance of payments statement. c. both the credit side and the debit side of a country's balance of payments statement. d. neither the credit side nor the debit side of a country balance of payments statement.
Blake and Mouton create ______ grid to determine conflict behavior and how people resolve conflict.
A. conflict resolution B. conflict management C. conflict solutions D. conflict values
Bafa, Bafa is a simulation sometimes used with the intellectual training model
Indicate whether the statement is true or false.
Stephen Ambrose, a popular historian with many books to his credit, admitted that some segments of one of his recent books had language taken from the books of other historians that was not in quotes. Mr. Ambrose did footnote the work of authors he relied upon in doing his book
a. The work of an author is protected by copyright laws. b. The use of quotes without attribution is not a violation of the law. c. The use of the material is fair use and need not be footnoted. d. Both b and c e. None of the above