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NEW QUESTION: 1
According to IFRS, in a sale-and-leaseback transaction, unless the fair (market) value of the asset at the time of sale is less than its undepreciated cost:
A. any gain or loss from the sale should be deferred and amortized over the term of the lease.
B. any gain or loss from the sale should be recognized immediately.
C. a gain from the sale should be deferred and amortized, but a loss should be recognized immediately.
Answer: B
Explanation:
Any gain or loss should be recognized immediately.
NEW QUESTION: 2
A. Option D
B. Option C
C. Option A
D. Option B
Answer: A
NEW QUESTION: 3
Given:
11. static class A {
12. void process() throws Exception { throw new Exception(); }
13. }
14. static class B extends A {
15. void process() { System.out.println("B"); }
16. }
17. public static void main(String[] args) {
18. new B().process();
19. }
What is the result?
A. Compilation fails because of an error in line 18.
B. Compilation fails because of an error in line 12.
C. Compilation fails because of an error in line 15.
D. The code runs with no output.
E. B
Answer: E