Answer:
Option D Research, discussion paper, exposure draft, standard.
Explanation:
The reason is that the International Accounting Standard Board conducts the research which includes the issues arising in the current standard due to advancement in environment. This requires that the company consider all the valuable suggestions fromt the professionals around the world. After a great discussion, the IASB chooses the best recommendations and publishes exposure draft which to review the judgement made. After careful review of the exposure, IASB issues new international accounting standard which results in abandoning the application of previous international accounting standard in two years time and opting to the new international accounting standard.
Answer:
$1,043
Explanation:
Assuming a 12% annual rate, we can convert it to a quarterly rate.
The equivalent quarterly rate is 2.9%.
9 months is the sames as 3 quarters, therefore, we can use the following formula to find the full value of the note at maturity:
12,000 = X (1 + 0.029)^3
12,000 = X(0.92)
12,000/0.92 = X
13,043 = X
Therefore, the interest due at maturity is:
13.043 - 12,000 = 1,043