7/24/2019 QUIA 1

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Name:

. After initial recognition an entity shall measure a financial liability at

I. Amortized cost using the effective interest method

II. Fair value through profit or loss

I only

. II only

Either I or II

. Neither I or II

. An entity shall measure initially a financial liability not designated at fair value

hrough profit or loss at

Face Amount

. Fair alue plus directly attributable transaction costs Fair alue minus directly attributable transaction costs

. Fair alue

. "ransaction costs directly attributable to the issue of a financial liability include all

f the follo#ing e$cept

Fees and commissions paid to agents

. %evies by regulatory agencies

Financing costs

. "ransfer ta$es and duties

. "he initial fair value of a financial liability is defined as the

Amount for #hich a liability is settled in an arm's length transaction.

. Amount for #hich a liability is settled.

Amount for #hich a liability is settled bet#een (no#ledgeable and #illing parties in

n arm's length transaction.

. Amount for #hich a liability is settled bet#een (no#ledgeable and #illing parties.

. An entity shall classify a liability as current #hen *choose the incorrect one+

"he entity holds the liability for the purpose of trading.

. "he entity has an unconditional right to defer settlement of the liability for at least

#elve months after the reporting period.

"he entity e$pects to settle the liability #ithin the entity's operating cycle.

. "he liability is due to be settled #ithin t#elve months after the reporting period.

Name:

1. After initial recognition an entity shall measure a financial liability at

I. Amortized cost using the effective interest method

II. Fair value through profit or loss

a. I only

b. II only

c. Either I or II

d. Neither I or II

2. An entity shall measure initially a financial liability not designated at fair value

through profit or loss at

a. Face Amount

b. Fair alue plus directly attributable transaction costsc. Fair alue minus directly attributable transaction costs

d. Fair alue

!. "ransaction costs directly attributable to the issue of a financial liability include a

of the follo#ing e$cept

a. Fees and commissions paid to agents

b. %evies by regulatory agencies

c. Financing costs

d. "ransfer ta$es and duties

&. "he initial fair value of a financial liability is defined as the

a. Amount for #hich a liability is settled in an arm's length transaction.

b. Amount for #hich a liability is settled.

c. Amount for #hich a liability is settled bet#een (no#ledgeable and #illing partie

an arm's length transaction.

d. Amount for #hich a liability is settled bet#een (no#ledgeable and #illing partie

). An entity shall classify a liability as current #hen *choose the incorrect one+

a. "he entity holds the liability for the purpose of trading.

b. "he entity has an unconditional right to defer settlement of the liability for at lea

t#elve months after the reporting period.

c. "he entity e$pects to settle the liability #ithin the entity's operating cycle.

d. "he liability is due to be settled #ithin t#elve months after the reporting period.

Name:

. After initial recognition an entity shall measure a financial liability at

I. Amortized cost using the effective interest method

II. Fair value through profit or loss

I only

. II only Either I or II

. Neither I or II

. An entity shall measure initially a financial liability not designated at fair value

hrough profit or loss at

Face Amount

. Fair alue plus directly attributable transaction costs

Fair alue minus directly attributable transaction costs

. Fair alue

. "ransaction costs directly attributable to the issue of a financial liability include all

f the follo#ing e$cept

Fees and commissions paid to agents

. %evies by regulatory agencies

Financing costs

. "ransfer ta$es and duties

. "he initial fair value of a financial liability is defined as the

Amount for #hich a liability is settled in an arm's length transaction.

. Amount for #hich a liability is settled.

Amount for #hich a liability is settled bet#een (no#ledgeable and #illing parties in

n arm's length transaction.

. Amount for #hich a liability is settled bet#een (no#ledgeable and #illing parties.

. An entity shall classify a liability as current #hen *choose the incorrect one+

"he entity holds the liability for the purpose of trading.

. "he entity has an unconditional right to defer settlement of the liability for at least

#elve months after the reporting period.

"he entity e$pects to settle the liability #ithin the entity's operating cycle.

. "he liability is due to be settled #ithin t#elve months after the reporting period.

Name:

1. After initial recognition an entity shall measure a financial liability at

I. Amortized cost using the effective interest method

II. Fair value through profit or loss

a. I only

b. II onlyc. Either I or II

d. Neither I or II

2. An entity shall measure initially a financial liability not designated at fair value

through profit or loss at

a. Face Amount

b. Fair alue plus directly attributable transaction costs

c. Fair alue minus directly attributable transaction costs

d. Fair alue

!. "ransaction costs directly attributable to the issue of a financial liability include a

of the follo#ing e$cept

a. Fees and commissions paid to agents

b. %evies by regulatory agencies

c. Financing costs

d. "ransfer ta$es and duties

&. "he initial fair value of a financial liability is defined as the

a. Amount for #hich a liability is settled in an arm's length transaction.

b. Amount for #hich a liability is settled.

c. Amount for #hich a liability is settled bet#een (no#ledgeable and #illing partie

an arm's length transaction.

d. Amount for #hich a liability is settled bet#een (no#ledgeable and #illing partie

). An entity shall classify a liability as current #hen *choose the incorrect one+

a. "he entity holds the liability for the purpose of trading.

b. "he entity has an unconditional right to defer settlement of the liability for at lea

t#elve months after the reporting period.

c. "he entity e$pects to settle the liability #ithin the entity's operating cycle.

d. "he liability is due to be settled #ithin t#elve months after the reporting period.

7/24/2019 QUIA 1

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