A. The gain or loss in market value must be calculated and disclosed in the footnotes to the financial statements.
B. Net income and equity are unaffected, but the change is disclosed by the firm’s management.
C. Net income is unaffected, but the change in market value is recorded in other comprehensive income.
第1题
Bao Capital issued bonds in 2006 that mature in 2016. The measurement basis used for the bonds on the 2008 balance sheet will be:
A. market value.
B. historical cost.
C. amortized cost.
第2题
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3题
Which of the following statement most accurately reflects the effective interest method 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4题
Bond Features, Inc.(“BFI”) has bonds outstanding with a $900,00 par value.The BFI bonds 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.
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