FAR 5 Questions 2

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Joens1313
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222713
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FAR 5 Questions 2
Updated:
2013-06-06 16:03:12
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FAR Question
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FAR 5 Question 2
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  1. Under US GAAP becouse the conversion feature cannot be ----------------------- sparate from the bonds themselves no value is assigned to the conversion feature when the bonds are issued.
    sold or transferred
  2. Under US GAAP becouse the conversion feature cannot be sold or transfeerred sparate from the bonds themselves ---------------is assigned to the conversion feature when the bonds are issued.
    no value
  3. Under US GAAP becouse the conversion feature cannot be sold or transfeerred sparate from the bonds themselves no value is assigned to the ------------------------ when the bonds are issued.
    conversion feature
  4. The lessee shall record an ----------------------- as rental expense using the straightline basis even if payments are made on some other basis unless another systamtic and rational basis is more representative.  There is no interest compnent for an operating lease.
    operating lease
  5. The lessee shall record an operating lease as rental expense using the ------------------------------------ even if payments are made on some other basis unless another systamtic and rational basis is more representative.  There is no interest compnent for an operating lease.
    straight line basis
  6. The lessee shall record an operating lease as rental expense using the straightline basis even if payments are made on some other basis unless another systamtic and rational basis is more representative.  There is no ----------------------- for an operating lease.
    interest componet
  7. Under IFRS bond issue costs reduce the cash recieved from the bond issuance and are deducted from the ------------------ of the liability.
    carrying value
  8. Under IFRS bond issue costs --------- the cash recieved from the bond issuance and are deducted from the carrying value of the liability.
    reduce
  9. Under IFRS bond issue costs reduce the cash recieved from the bond issuance and are ------------------- from the carrying value of the liability.
    deducted
  10. A registered bond maturing annually and a commodity backed bond maturing annually are what type of bonds?
    Serial bonds
  11. give an example of a serial bond
    a registered bond maturing annually and a commodity backed bond maturing annually
  12. a registered bond and a converable bond are what type of bond?
    a Debenture bond
  13. Give an example of a debentrue bond
    a registered bond and a convertable bond
  14. ---------------------- are redeemed pro rata over the life of the issue
    serial bonds
  15. ---------------------- are unsercured bonds.
    debentrue bonds

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