第1题
Compared to an operating lease, all other things being equal, over the term of a finance lease,
A. The interest coverage ratio will decrease.
B. The return on assets ratio will decrease.
C. The asset turnover ratio will increase.
第2题
Bao Inc. issued its Class H series bonds at $10,400 on 1/1/x3. Class H bonds have a 10% coupon paid semi-annually and a face value of $10,000, maturing in two years. Using the effective interest method, calculate the amount of interest expense associated with the Class H bonds reported by Bao for the period ending 12/31/x3.
A. $405.
B. $808.
C. $1,000.
第3题
A firm that reports its lease of a conveyer system as an operating lease must disclose:
A. only the annual lease payment.
B. minimum lease payments for each of the next five years and the sum of lease payments more than five years in the future.
C. minimum lease payments for each of the next ten years and the sum of lease payments more than ten years in the future.
第4题
If market interest rates have changed materially since a firm issued a bond, and the firm does not use the fair value reporting option, how is the change in the market value of the firm’s debt most likely to be reported in the firm’s financial statements?
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.
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