Issued on 1 January 2005, when the market rate of interest was 6%.
Bought back in an open market transaction on 1 January 2011, when the market rate of interest rate was 8%.
Which of the following statements best describes the effect of the bond repurchase on the financial statements for 2011? If the company uses the indirect method of calculating the cash from operations, there will be a:
A.$346,511 gain on the income statement.
B.$743,873 gain on the income statement.
C.$350,984 decrease in the cash from operations.
第1题
On 1 January 2012 a company enters into a lease agreement to lease a piece of machinery as the lessor with the following terms:
The total affect on 2012 pre-tax income for the lessor from this lease is closest to:
A.$32,143.
B.$75,000.
C.$82,519.
第2题
On 1 January 2008 a company enters into a lease agreement to lease a piece of machinery as the lessor with the following terms:
Which of the following best describes the classification of the lease on the company’s financial statements for 2008?
A.Operating lease.
B.Sales type lease.
C.Direct financing lease.
第3题
A company receiving leased equipment would prefer a finance lease to an operating lease when it:
A.wishes to show a higher cash flow from operations.
B.desires a lower debt-to-equity ratio.
C.has a low marginal tax rate.
第4题
At the beginning of the year, a lessee company enters into a new lease agreement that is correctly classified as a finance lease, with the following terms:
With respect to the effect of the lease on the company’s financial statements in the first year of the lease, which of the following is most accurate? The reduction in the company’s:
A.pretax income is $72,096.
B.cash flow from financing is $56,742.
C.cash flow from operations is $72,096.
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