Facts: Argent Corporation reports short-term obligations of $15,000,000 in the current liability section of its statement of financial position at December 31, 2020 (its year-end). This amount includes the current portion of 12% long-term debt in the amount of $10,000,000 (matures in March 2021). Management has stated its intention to refinance the 12% debt whereby no portion of it will mature during 2021. The financial statements are issued on March 25, 2021. a. Based solely on the above facts, would management be correct under US GAAP if they classified the $10,000,000 portion of the above debt as long-term as of 12/31/2020? Why or why not?
b. Using the same fact pattern, now assume that Argent Corporation issues $13,000,000 of 10-year bonds to the public on January 18, 2021 and management uses the proceeds to liquidate the $10,000,000 short-term debt on February 8, 2021.
c. Would the classification of the $10,000,000 debt at December 31, 2020 be the same under IFRS and US GAAP? Explain your answer.

How could brian, who doesn't want his car insurance premiums to increase, show he poses a low risk to his insurance company? a: drive safely to avoid accidents and traffic citations b: wash and wax his car regularly to keep it clean c: allow unlicensed drivers to drive carelessly in his car d: incur driver's license points from breaking driving laws

< back to assignment attempts: 1 1 keep the highest: 1 / 2 2. determining opportunity cost juanita is deciding whether to buy a suit that she wants, as well as where to buy it. three stores carry the same suit, but it is more convenient for juanita to get to some stores than others. for example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the suit: store travel time each way price of a suit (minutes) (dollars per suit) local department store 15 102 across town 30 88 neighboring city 60 65 juanita makes $42 an hour at work. she has to take time off work to purchase her suit, so each hour away from work costs her $42 in lost income. assume that returning to work takes juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. as you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. complete the following table by computing the opportunity cost of juanita's time and the total cost of shopping at each location. store opportunity cost of time price of a suit total cost (dollars) (dollars per suit) (dollars) local department store 102 across town 88 neighboring city 65 assume that juanita takes opportunity costs and the price of the suit into consideration when she shops. juanita will minimize the cost of the suit if she buys it from the . grade it now save & continue continue without saving

Which of these is not a result of regular exercise