If a company owns 22% of the common stock (and of the corresponding voting rights) of another publicly quoted company, the investment should be valued on the statement of financial position using the:

If a company owns 9% of the common stock (and of the corresponding voting rights) of another publicly quoted company, the investment should be valued on the statement of financial position using the:

Unrealized gains and losses on available-for-sale securities would be:

Trading securities would be:

Pension expense should be recorded when the:

According to IAS 39 derivative financial instruments must be measured on the statement of financial position at:

Using derivative financial instruments to reduce the risk of future price changes is referred to as:

Company Alfa is a defendant in a lawsuit that could result in a large payment to the plaintiff. Alfa’s legal counsel believes that there is a 90% chance that Alfa will lose the lawsuit and estimates that there is a 30 per cent probability that the damage will be €5m and a 70 per cent probability that the damage will amount to $20m. What amount of liability should Alfa report on its statement of financial position related to the lawsuit?

Company Alfa is a defendant in a lawsuit that could result in a large payment to the plaintiff. Alfa’s legal counsel believes that there is a 40% chance that Alfa will lose the lawsuit and estimates that there is a 60 per cent probability that the damage will be €5m and a 40 per cent probability that the damage will amount to $20m. What amount of liability should Alfa report on its statement of financial position related to the lawsuit?

What is the present value of all future retirement payments attributed by the pension benefit formula to employee services rendered?