FAR 5 Questions 5

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Author:
Joens1313
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223070
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FAR 5 Questions 5
Updated:
2013-06-09 02:20:10
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FAR Questions
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FAR 5 Questions 5
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  1. Allocate amounts separately to debt and detachable warrants according to their FMV at the date of issuance.  The amount allocated to warrants is paid in capital.  Any difference between the amount paid and the combination of FMV of debt and warrants should be debited or credited to discount or premium on ----------------------.
    bonds payable
  2. Allocate amounts separately to debt and detachable warrants according to their -------------- at the date of issuance.  The amount allocated to warrants is paid in capital.  Any difference between the amount paid and the combination of FMV of debt and warrants should be debited or credited to discount or premium on bonds payable.
    FMV
  3. Allocate amounts separately to debt and detachable warrants according to their FMV at the -----------------------.  The amount allocated to warrants is paid in capital.  Any difference between the amount paid and the combination of FMV of debt and warrants should be debited or credited to discount or premium on bonds payable.
    date of issuance
  4. Allocate amounts separately to debt and detachable warrants according to their FMV at the date of issuance.  The amount allocated to warrants is ----------------------.  Any difference between the amount paid and the combination of FMV of debt and warrants should be debited or credited to discount or premium on bonds payable.
    paid in capital
  5. ------------------- on the sale of bonds is included in the carrying value of the bonds on the balance sheet, regardless of weather the bonds are assets or liabilities.
    Discount or premium
  6. Bond issue costs are a deferred charge and are not netted or included in the carrying value of the bonds on the balance sheet under -----------
    US GAAP
  7. ------------------------- are a deferred charge and are not netted or included in the carrying value of the bonds on the balance sheet under US GAAP
    Bond issue costs
  8. Bond issue costs are a --------------------- and are not netted or included in the carrying value of the bonds on the balance sheet under US GAAP
    deferred charge
  9. Bond issue costs are a deferred charge and are not netted or included in the ------------------ of the bonds on the balance sheet under US GAAP
    carrying value
  10. The ------------------------ of the lease cannot exceed fair market value
    preset value
  11. The present value of the lease cannot exceed --------------------------
    fair market value
  12. Recognition of a gain resulting from the sale in a sale leaseback should be deferred when the seller lessee retains the right to substantially all of the remaining use of the property
  13. Recognition of a gain resulting from the sale in a sale leaseback should be deferred when the ---------------------- retains the right to substantially all of the remaining use of the property
    seller lessee
  14. Recognition of a ------- resulting from the sale in a sale leaseback should be deferred when the seller lessee retains the right to substantially all of the remaining use of the property
    gain
  15. Recognition of a gain resulting from the sale in a sale leaseback should be ----------- when the seller lessee retains the right to substantially all of the remaining use of the property
    deferred

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