Business, 09.10.2019 21:00 zayzay162

Kline company refinanced current debt as long-term debt on january 5, 2019. kline's fiscal year ended on december 31, 2018, and its financial statements will be issued sometime in early march 2019. under ifrs, how would kline classify the debt on its december 31, 2018, balance sheet? multiple choice
a. in the "mezzanine" between current and noncurrent liabilities.
b. kline would not classify the debt as current or noncurrent, but rather would write a disclosure note explaining the circumstances.
c. as a current liability.
d. as a noncurrent liability.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 14:40

Jansen company borrowed $12,000 on a 1-year, 5 percent note payable from the local bank on april 1. interest was paid quarterly, and the note was repaid one year from the time the money was borrowed. calculate the amount of cash payments jansen was required to make in each of the two calendar years that were affected by the note payable.

Answers: 2

Answer

Business, 22.06.2019 01:30

Claire wants to include animations in her presentation slides. which element of the presentation program’s interface will have the options for animation? claire should use the to include animations in her presentation slides.

Answers: 1

Answer

Business, 22.06.2019 17:10

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)

Answers: 3

Answer

Business, 22.06.2019 20:30

When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?

Answers: 1

Answer

You know the right answer?

Kline company refinanced current debt as long-term debt on january 5, 2019. kline's fiscal year ende...

Questions