A. liabilities when calculating the company’s current ratio.
B. equity when calculating the company’s return on equity ratio.
C. liabilities when calculating the company’s debt-to-equity ratio.
第1题
The following information is available about a company:
The company’s 2012 income tax expense (in thousands) is closest to:
A. $1,000.
B. $1,050.
C. $1,250.
第2题
Ady Auto Group reported pretax income of $48,000 and taxable income of $60,000. The difference of $12,000 is attributed to warranty expenses. The statutory tax rate is 30% and the company reports income taxes payable of $18,000 on its balance sheet. What is the amount of income tax expense that Ady Auto Group should report on its income statement?
A. $6,000.
B. $14,400.
C. 21,600.
第3题
Which of the following is correct regarding the impact of convertible bonds on a company’s financial statements and ratios:
A.The issuance of convertible bonds by a company results in a decrease in both its debt-to-equity and its interest coverage ratios.
B.The conversion of convertible bonds into common equity results in an increase in the company’s debt-to-equity ratio and an increase in the interest coverage ratio.
C.When there is a conversion of convertible debt into common equity, even if the market price exceeds the conversion price, no gain or loss may be reported on the financial statements.
第4题
A company issues $10 million in 8% annual-pay, 5-year bonds, when the market rate is 8.25%.the initial balance sheet liability and liability one year from the date of issue are closest to:
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