Question 1 (1 point)

When a company records its convertible bonds issued at FVTPL, then in determining the diluted EPS the numerator is adjusted for:

Question 1 options:

	After tax interest paid only
	After-tax changes in fair value and after-tax interest paid
	After-tax changes in fair value and after-tax interest expense
	After-tax gains on fair value changes and after tax interest expense

Question 2 (1 point)

A financial liability must be reported at fair value at every report date.

Question 2 options:

	True
	False

Question 3 (1 point)

Under the simplified approach to accounting for defined benefit pension plans under ASPE, all past service costs and unrecognized actuarial gains and losses must all flow through pension expense immediately.

Question 3 options:

	True
	False

Question 4 (1 point)

Other comprehensive income (OCI) is a component of shareholders' equity under ASPE.

Question 4 options:

	True
	False

Question 5 (1 point)

The effective interest method is normally used to compute the lessor's internal rate of return related to a finance lease.

Question 5 options:

	True
	False