1. The Brace X Company is now in the midst of restructuring some of its long-term financial obligations. The company's contracts expire on December 31, 2011, and its financial performance will be released on March 15, 2012, according to the company. If the restructuring is finalized on December 15, 2011, how will the debt be categorized under contemporary International Financial Reporting Standards (IFRS)? What if it is finished on January 15, 2012, rather than January 15, 2011? 2. On January 1, 20X4 and 15 per cent of the Osens Group's voting share stocks on July 1, 20X4, Jordins Company bought on July 1, 20X4 90 per cent of the voting shares. In the preparation of Jordins Company's financial accounts at 31 December 20X4, the port company acquired and continues to own 10 percent of Osens Company's shareholding in 20X2. On 20 December 20, 20X4, the Osens Corporation reported net revenue for 20X4 of $ 200,000, and paid a grant of $70,000. 3. The Chief Accountant of Jordins Company advises you to evaluate your financial reporting literature such as statements by the FASB and other corresponding bodies, and prepares a letter on whether the money invested in Jordins Company in consolidated statements prepared on December 31 20X4 should be reported using the Cost and/or equity methods. Validate your proposals using quotes from reputable standards of financial reporting or other publications. 4. In numerous ways, growth and value may be characterized. 'Wachstum' typically implies a portfolio that stresses or includes only firms that are expected to have higher average future per share growth rates. The usual features of such portfolios include low current returns, high price-to-book ratios and high price-to-earnings ratios. "Value" often refers to portfolios which stress or include only present problems with low book-to-price ratios, low cost-to-earnings ratios, excessive dividend yield levels and market prices that are regarded to be under the underlying values of these issues. 5. a. Identify and explain why the value of stocks investment may surpass growth stocks over a prolonged period of time. 6. b. Show why, in a generally respected market, the results described in (a) should not be attainable. 7. Major enterprises often participate in a variety of other firms. For these numerous investments the kind of companies, shareholdings and conditions may range greatly, resulting in distinct reporting procedures for the various investments. Dow Chemical Firm is an investing company in many other companies, joint projects and alliances. 8. A. How many subsidiary companies does Dow Chemical have ? What is Dow's approach of consolidation? 9. b. In which kinds of companies does Dow employ the reporting equity method? What is the largest percentage share for Dow-owned and equity-reporting affiliates? What was the total difference associated with Dow's equity-method investments as at December 31, 2005, except for Dow Corning, MEGloba lWhat is the basis of the MEGlobaland EQUATE Petrochemical difference? 10. b. What operation does Dow review goodwill for impairment in connection with? 11. d. An investment which experiences from a considerable fall in value, considered other than transitory, must be declared at fair value and losses acknowledged. Does Dow Chemical had experienced this loss in any partner or strategic partnership investment in the past? Explanation. Explanation