is not a primary source of long-term debt financing. A. Accounts payable B. Notes payable C. Leases D. Bonds.
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is not a primary source of long-term debt financing. A. Accounts payable B. Notes payable C. Leases D. Bonds.
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- Premium on Bonds Payable has a debit balance. O is a contra account. is deducted from bonds payable on the balance sheet. is considered to be a reduction in the cost of borrowing.Which of the following is stated correctly? a. Current liabilities follow non-current liabilities on the statement of financial position under GAAP but non-current liabilities follow current liabilities under IFRS. b. IFRS does not treat debt modifications as extinguishments of debt. c. Bond issuance costs are recorded as a reduction of the carrying value of the debt under GAAP but are recorded as an asset and amortized to expense over the term of the debt under IFRS. d. Under GAAP, bonds payable is recorded at the face amount and any premium or discount is recorded in a separate account. Under IFRS, bonds payable is recorded at the carrying value so no separate premium or discount accounts are used.Which of the following is NOT a form of long-term debt financing? Question 12 options: 1) Bond issue. 2) Bank term loans. 3) Accounts Payable. 4) Leasing.
- Which of the following has the highest relative likelihood of being defaulted in paying the outstanding loan? Company AB. Company EF. Company CD. Company GH.A note of caution in interpreting the debt ratio is that ____________ (a) all debt decreases liquidity ratios. (b) financing arrangements, such as leases, may be off-balance sheet arrangement and not be classified as debt on the balance sheet. (c) financing arrangements, such as leases, may be classified as debt when in fact they do not require interest payments. (d) long-term debt may be inflated because of a desire to reduce the current ratio.. Accounts receivable financing is the term used to describe which of the following types of loans that involve either the assignment or the factoring of a firm's accounts receivable? A. Secured short-term loan B. Unsecured short-term loan C. Secured long-term loan D. Unsecured long-term loan E. Trust receipt loan
- Which of the following would not be obtained on a listed debt market?Select one:a. Commercial paper.b. Bonds.c. Various debt issues.d. Long-term loans.Which of the following is not a liability? A. Notes payable. B. Current portion of long-term debt. C. Deferred revenue. D. An unused line of credit.Explain how to account for the impairment of held-to-maturity debt security.
- A long-term liability should be reported as a current liability in a classified balance sheet if the long-term debt: A) Is callable by the creditor. B) Is secured by adequate collateral. C) Will be refinanced with stock. D) Will be refinanced with debt.Debt financing can enable the return on assets to be greater than the return on equity True False uestionWhich of the following is classified as nonmonetary? a. Warranty liability b. Accrued expense c. Unamortized discount on bonds payable d. Refundable deposit