Straight line method of amortization for Bonds is accepted under IFRS.
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Q12: Warranty payable is considered a current liability.
Q13: A premium on a bond increases the
Q14: On maturity,the carrying value of a bond
Q14: Operating cycles are generally longer than a
Q15: A discount on a bond reduces the
Q16: Contingent liabilities arise from past transactions or
Q18: Accrued payroll includes such liabilities as retirement
Q20: Current liabilities are short-term obligations that will
Q21: Determining bond prices is not a necessary
Q22: In addition to wages payable,companies can also
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