Day 13 - DNF Flashcards
1
Q
How are bond insurance costs recorded?
A
They are deducted from the carrying value of the bond liability
MCQ-14651
2
Q
When does a loss from continuing operations NOT require a separate disclosure?
A
Ex: Hailstorm - Frequent and Usual
MCQ-00091
3
Q
How are Debt insurance costs presented?
A
Presented on the BS as a direct reduction to the carrying amount of the bond
MCQ-08739
4
Q
In calculating EPS, Preferred Stock Dividend are ______?
A
Cumulative
They are cumulative so when they are paid or declared is irrelevant
MCQ-01198
