题目内容

Which of the following is least likely to be disclosed in the financial statements of a bond issuer?

A. The amount of debt that matures in each of the next five years.
B. Collateral pledged as security in the event of default.
C. The market rate of interest on the balance sheet date.

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Which of the following is most likely included in a firms ending inventory?

A. Storage costs of finished goods.
B. Variable production overhead.
C. Selling and administrative costs.

How should an analyst most appropriately adjust the financial statements of a firm that uses operating leases to finance its plant and equipment?

A. Increase liabilities.
B. Decrease long-lived assets.
C. Decrease shareholders equity.

Using the effective interest rate method, the reported interest expense of a bond issued at a premium will:

A. Decrease over the term of the bond.
B. Increase over the term of the bond.
C. Remain unchanged over the term of the bond.

A net pension asset or net pension liability is equal to the difference between the fair value of plan assets and the expected pension obligation under:

A. IFRS only.
B. U.S. GAAP only.
C. Both IFRS and U.S. GAAP.

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