Which of the following is true about a CDS?
A. Restructuring is never a credit event
B. Restructuring is always a credit event
C. Certain types of restructuring qualify as credit events but others do not
D. Sometimes a CDS is defined so that restructuring is a credit event and sometimes it is not
D
Sometimes restructuring is included as a credit event and sometimes it is not.
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Briefly describe the elements of a negative message that uses the direct approach
What will be an ideal response?
The FIFO costing method is a costing method in which the cost flow follows the logical product flow
Indicate whether the statement is true or false
An analysis and aging of accounts receivable of the Gibson Company at December 31 . 2014, showed the following: Accounts Receivable .................................. $800,000 Allowance for Doubtful Accounts (before adjustment) ................................ 36,000 (cr) Accounts estimated to be uncollectible ............... 76,800 Compute the net realizable value of the accounts receivable of
Gibson Company at December 31 . 2014. a. $804,000 b. $799,200 c. $723,200 d. $727,200
The inventory write-down rule under IAS 2 can best be labeled
a. lower of cost or market. b. lower of cost or net realizable value. c. lower of net realizable value or market d. lower of ceiling or floor.