新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
美國CPA模擬試題：有價證券（四）
A company reporting under IFRS holds a position in BE Corp. bonds that it classifies as available-for-sale. In the previous year, the company recorded an impairment loss related to the bonds. In the current year, the company reversed a portion of the impairment loss. How should the company account for the impairment loss reversal on its current year financial statements?
a. Recognize the reversal to the current year's income statement.
b. Book the reversal to the current year's other comprehensive income.
c. Recognize the increase as an adjustment to the previous year's income statement.
d. Book the increase as an adjustment to the previous year's other comprehensive income.
Explanation
Choice "a" is correct. Under IFRS, reversals of impairment losses are allowed and the increase would be booked to the current year's income statement.
Choice "b" is incorrect. The increase for available-for-sale debt securities related to an impairment reversal will be report on the income statement and not in other comprehensive income.
Choice "c" is incorrect. The reversal should be reflected on the current year income statement.
Choice "d" is incorrect. The reversal would not be placed in either the current or previous year's other comprehensive income.
關注正保會計網校“美國CPA考試”官方微信，相關動態彈指間了解，只拿手機便知考試動態。還等什么，掃一掃微信碼加入網校大家庭吧！
（微信號：aicpachinaacc）
【我要糾錯】 責任編輯：小敏
學員討論（0）
新用戶掃碼下載
京公網安備 11010802044457號