(c) Issue of bond
The club proposes to issue a 7% bond with a face value of $50 million on 1 January 2007 at a discount of 5%
that will be secured on income from future ticket sales and corporate hospitality receipts, which are approximately
$20 million per annum. Under the agreement the club cannot use the first $6 million received from corporate
hospitality sales and reserved tickets (season tickets) as this will be used to repay the bond. The money from the
bond will be used to pay for ground improvements and to pay the wages of players.
The bond will be repayable, both capital and interest, over 15 years with the first payment of $6 million due on
31 December 2007. It has an effective interest rate of 7·7%. There will be no active market for the bond and
the company does not wish to use valuation models to value the bond. (6 marks)
Required:
Discuss how the above proposals would be dealt with in the financial statements of Seejoy for the year ending
31 December 2007, setting out their accounting treatment and appropriateness in helping the football club’s
cash flow problems.
(Candidates do not need knowledge of the football finance sector to answer this question.)
第1题
下列氨基酸在体内可以转化为γ-氨基丁酸(GABA)的是
A.谷氨酸
B.天冬氨酸
C.苏氨酸
D.色氨酸
E.蛋氨酸
第2题
氨基酸在体内可以转化为γ-氨基丁酸(GABA)的是
A.谷氨酸
B.天冬氨酸
C.苏氨酸
D.色氨酸
E.蛋氨酸
第3题
下列氨基酸在体内可以转化为γ-氨基丁酸(GABA)的是
A.谷氨酸
B.天冬氨酸
C.苏氨酸
D.色氨酸
E.蛋氨酸
第4题
(2000)下列氨基酸在体内可以转化为γ-氨基丁酸(GABA)的是
A.谷氨酸
B.天冬氨酸
C.苏氨酸
D.色氨酸
E.蛋氨酸
第5题
下列氨基酸在体内可以转化为1,.氨基丁酸(GABA)的是
A.谷氨酸
B.天冬氨酸
C.苏氨酸
D.色氨酸
E.蛋氨酸
第8题
下列氨基酸在体内可以转化为丁—氨基了酸(GABA)的是
A.天冬氨酸
B.谷氨酸
C.色氨酸
D.蛋氨酸
E.苏氨酸
第9题
下列氨基酸在体内可以转化为丁—氨基了酸(GABA)的是
A.天冬氨酸
B.谷氨酸
C.色氨酸
D.蛋氨酸
E.苏氨酸
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