This quiz is a part of the CFA Level 1 reading 'Non-current (Long-term) Liabilities'. 

Non-Current Long Term Liabilities

Under IFRS, the bond payables are reduced by the amount of issuance costs.

Under US GAAP, issuance costs are shown as an asset (a deferred charge).

Under both IFRS and US GAAP, the issuance costs are expensed as incurred.

Face value of the bonds at the beginning of the period by the contractual interest rate. 

Face value of the bonds at the beginning of the period by the effective interest rates. 

Carrying value of the bonds at the beginning of the period by the contractual interest rate. 

Nothing, as the fair value of the plan assets exceeds the accumulated benefit obligation. 

The present value of the minimum lease payments is at least 75% of the fair value of the leased asset.

The lessee has the option of acquiring the asset at the end of the lease term at a bargain price.

The lease term is greater than three-quarters of the economic life of the asset.