F4 Flashcards
1
Q
How should a written purchase option of lease be included?
A
PV of written purchase option should be included in the beginning PV of the lease. Because it is a future cash flow that is considered reasonably certain.
2
Q
Troubled debt restructuring | Recognizing gain/loss on Transfer of Assets & Recognizing gain on Payable
A
3
Q
Lease Classification as Operating or Finance
A
4
Q
Recognition and Measurement of Loss/Gain Contingencies
A
5
Q
Calculation of the gain/loss from Extinguishment of debt
A
6
Q
Warranties: Calculation of Expense/Liability Amount
A
7
Q
Premiums: Calculation of Expense/Liability Amount
A
