The following information is available from a company’s 2012 financial statements:
Note 6: employee costs.
Note 17: retirement benefit obligations
Amounts recognized in the income statement for the year
The pension expense (thousands) reported in 2012 is closest to:
A.$1,525.
B.$2,217.
C.$2,253.
第1题
od of amortizing bond premium and discount?
A. using the effective interest method results in a different interest expense each period.
B. The coupon interest rate is the market interest rate at the time the debt was issued.
C. A bond sells at a premium when the market interest rate exceeds the coupon rate.
第2题
pay a 4.5% coupon, mature in three years, and have net book value of $785,000.The bonds are convertible into 20,000 shares of common stock, with a $1 par value.The current market value of the common shares is $62.50.Under U.S.GAAP, the amount that will be recorded as additional paid-in capital if the bonds are immediately converted is closest to:
A.$115,000.
B.$765,000.
C.$1,250,000.
第3题
t bond is paid semiannually, the annual coupon rate on the bond is 9%, and the bond matures in ten years.The market rate of the interest at the time the bond was issued was 10% on an annual basis.The amount of the initial liability recorded for this bond was closest to:
A.$938.
B.$961.
C.1,065.
第4题
rate of 8% payable semi-annually on 30 June and 31 December:
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5题
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6题
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7题
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8题
s 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.
第9题
An analyst can most accurately identify a LIFO liquidation by observing a(n):
A. increase in gross margin.
B. decrease in the LIFO reserve.
C. change in inventory out of line with change in sales.
第10题
with their physical flow if a company is using a perpetual inventory system?
A. FIFO.
B. LIFO.
C. specific identification.
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