题目内容

When a company redeems bonds before they mature, the gain or loss on debt extinguishment is calculated as the bonds carrying amount minus the:

A. Face or par value of the bonds.
B. Amount required to redeem the bonds.
C. Amortized historical cost of the bonds.

查看答案
更多问题

Graphics, Inc. has a deferred tax asset of $4,000,000 on its books. As of December 31, it is probable that $2,000,000 of the deferred tax assets value will never be realized because of the uncertainty

A. Reduce the deferred tax asset account by $2,000,000.
B. Establish a valuation allowance of $2,000,000.
C. Establish an offsetting deferred tax liability of $2,000,000.

Competitive threats to the profitability or financial stability of a firm are best categorized as an accounting fraud risk factor related to:

A. opportunities.
B. Incentives and pressures.
C. Attitudes and rationalizations.

The ratio of a firms property, plant, and equipment, net of accumulated depreciation, to its annual depreciation expense is best interpreted as an estimate of the

Average age of the firms assets.
B. Average useful life of the firms assets.
C. Remaining useful life of the firms assets.

After a share repurchase, book value per share is most likely to increase if, pre-purchase, BVPS was:

A. Greater than the market price per share.
B. Less than the market price per share.
C. negative.

答案查题题库