Disclosures – Theory Questions

Theory Questions Can the securities that are classified once be transferred to other category? If so, what precautions should be taken to adjust the unrealized gains or losses? How is the impairment of securities presented in the balance sheet? What is the treatment...

ADR/GDR – Journal Questions

Journal Questions Question – 1 Prepare journal entries, general ledger, trial balance, income statement, and balance sheet for the following scenarios. ADR Conversion to Local Equity Shares—BRL Mark Antony Inc. traded in Bovespa shares in a Brazilian Stock...

ADR/GDR – Objective Questions

Objective Questions 1. An instrument representing ownership interest in securities of a foreign issuer is referred to as a. An ownership certificate. b. A depositary receipt. c. An ownership receipt. d. None of the above. 2. Depositary receipts that are traded in an...

ADR/GDR – Summary

A depositary receipt (DR) represents an ownership interest in securities of a foreign issuer typically trading outside its home market. ADR is a tradable instrument, and the depositary receipts that are trading in the United States are known as American depositary...

Short Selling – Journal Questions

Journal Questions For the following scenario, prepare journal entries, general ledgers, trial balance, income statement, and balance sheet for Abdul Razack Inc. for the period January 1 through February 28. Box Position—Trade Currency BRL Abdul Razack Inc. traded in...

Please enrol me for the free email course

on Basics of Accounting for Financial Instruments

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!