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NEW QUESTION: 1
Debtor Bank on a 10-year, 15% note in the amount of US $100,000, plus US $30,000 accrued interest. Because if financial difficulty. Debtor has been unable to make annual interest payments for the past 2 years and the n-ate is due today. Accordingly. Bank legally agreed to restructure
Debtor's debt as follows:
The US $30.000 of accrued interest was forgiven.
Debtor was given 3 more years to pay off the debt at 8% interest. Payments are to be made annually at year-end. The present value of the payments using the prevailing rate for similar instruments of an issuer with a similar credit rating is US $84.018.
At the date of the restructuring, Debtor properly records:
A. A gain of US $30.000.
B. A gain of US $45,982.
C. A loss of US $30.000.
D. No gain or loss because no extinguishments occurred.
Answer: B
Explanation:
Derecognition of a financial liability or a part) occurs only by means of extinguishment.
This condition is satisfied only when the debtor pays the creditor or is legally released from primary responsibility either by the creditor or through the legal process. An extinguishment and derecognition of the old debt and recognition of new debt occurs when the borrower and lender exchange debt instruments with substantially different terms, that is, when the respective discounted cash flows differ by at least 10%. A substantial modification of terms is also accounted for as an extinguishment. The difference between the carrying amountincluding unamortized costs) of a liabilityor part) that has been extinguished or transferred and the amount paid is included in profit or loss. This transaction qualifies as an extinguishment based on a substantial modification of terms because the discounted cash flow from the old debtUS $130.000 due immediately and the new debtgiven as US $84.018) differ by at least 10%. Hence, the amount included by Debtor in profit or loss at the date of the restructuring is a US $45,982 gain$130.000 - $84.018) that is. the difference between the carrying amount extinguished and the amount paid the present value of the new debt instrument determined by discounting the cash outflows at the prevailing rate for similar instruments of an issuer with a similar credit rating). The entry is to debit the extinguished liability for accrued interest and principal US $130.000), debit discount on note payable US $15,982), credit note payable US $100.000) and credit gain US $45,982).
NEW QUESTION: 2
Die Agententabelle einer Microsoft SQL Server-Datenbank enthält mehrere Millionen Zeilen. Die Datenbank verwendet die Sortierung SQL_Latin1_General_Cp1_CS_AS.
Sie müssen sicherstellen, dass die folgenden Anforderungen erfüllt sind:
* Die Werte in der StateRefID-Spalte entsprechen dem Muster aus 3 Großbuchstaben, gefolgt von 5 Ziffern, z. B. "ABC12345".
* Die StateRefID-Werte sind in der Agent-Tabelle eindeutig.
* Die Werte aller Datensätze, die in die Agententabelle eingefügt oder aktualisiert werden, sind korrekt formatiert.
* Vorhandene Zeilen werden ignoriert
Welche Transact-SQL-Anweisung sollten Sie ausführen?
A. Option C
B. Option A
C. Option D
D. Option B
Answer: B
NEW QUESTION: 3
Which feature does the Data Lake Edition uniquely offer?
A. Execute data flows on Apache Spark
B. Live optimized connectivity to your on-premises database
C. Migrate content from your existing on-premises environment
D. Use the Day by Day mobile app
Answer: A
Explanation:
Explanation
Reference https://www.us-analytics.com/hyperionblog/oracle-unveils-data-lake-edition-for-oac
NEW QUESTION: 4
How should you design the backup strategy to allow the recovery from a corrupted database?
A. Back up each Exchange storage group separately.
B. Back up drive M on each Exchange 2000 Server computer.
C. Back up each Exchange database separately.
D. Back up the Exchange 2000 Server computer offline.
Answer: A
Explanation:
By doing different storage groups we can get a faster restore back, because usually in a good design each storage group will be placed in different disk array Reference:
Chapter 12 - Server Design for Backup and Restore
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