Ch14 the test bank for intermediate accounting
b b b b b b
Financial Accounting (香港科技大學)
b b
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CHAPTER 14 b
LONG-TERM LIABILITIES b
IFRSbquestionsbarebavailablebatbthebendbofbthisbchapter.
TRUE-FALSE—Conceptual
Answer No. Description
T 1. Bondbinterestbpayments.
F 2. Debenturebbonds.
T 3. Definitionbofbserialbbonds.
F 4. Marketbratebvs.bcouponbrate.
F 5. Definitionbofbstatedbinterestbrate.
T 6. Statedbratebandbcouponbrate.
F 7. Amortizationbofbpremiumbandbdiscount.
F 8. Issuancebofbbonds.
F 9. Interestbpaidbvs.binterestbexpense.
T 10. Accountingbforbbondbissuebcosts.
T 11. Refundingbofbbondbissue.
F 12. Long-termbnotesbpayable.
T 13. Implicitbinterestbrate.
T 14. Definitionbofbunrealizedbholidaybgain/loss.
T 15. Off-balance-sheetbfinancing.
T 16. Debtbtobtotalbassetsbratio.
F 17. Refinancingblong-termbdebt.
F 18. Timesbinterestbearnedbratio.
F *19. Lossbrecognizedbonbimpairedbloan.
F *20. Gain/lossbinbtroubledbdebtbrestructuring.
MULTIPLE CHOICE—Conceptual
b
Answer No. Description
a 21. Liabilitybidentification.
a 22. Bondbterms.
b 23. Definitionbofb"debenturebbonds."
P
a 24. Definitionbofbbearerbbonds.
S
d 25. Definitionbofbincomebbonds.
S
a 26. Effective-interestbvs.bstraight-linebmethod.
S
d 27. Interestbratebofbthebbondbindenture.
d 28. Ratebofbinterestbearnedbbybthebbondholders.
d 29. Calculatingbthebissuebpricebofbbonds.
d 30. Calculatingbthebissuebpricebofbbonds.
b 31. Premiumbandbinterestbrates.
a 32. Interestbandbdiscountbamortization.
d 33. Effective-interestbamortizationbmethod.
d 34. Impactbofbeffective-interestbmethod.
c 35. Recordingbbondsbissuedbbetweenbinterestbdates.
d 36. Bondsbissuedbatbotherbthanbanbinterestbdate.
d 37. Classificationbofbbondbissuancebcosts.
c 38. Bondbissuancebcosts.
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14b-b2 TestbBankbforbIntermediatebAccounting,bFourteenthbEdition
MULTIPLE CHOICE—Conceptual (cont.)
b b
Answer No. Description
b 39.b b Classificationbofbtreasurybbonds.
d
40.b b Earlybextinguishmentbofbbondsbpayable.b d
41.b b Gainborblossbonbextinguishmentbofbdebt.bc
P
42.b b In-substancebdefeasance.
P
c 43.b b Reportingblong-termbdebt.
S
a 44.b b Debtbinstrumentbexchangedbforbproperty.
d 45.
Valuationbofbnotebissuedbinbnoncashbtransaction.bd
b
46. Statedbinterestbratebofbnote.
c 47. Accountingbforbthebfairbvalueboption.
d 48. Off-balance-sheetbfinancing.
S
c 49. Off-balance-sheetbfinancing.
S
d 50. Long-
termbdebtbmaturingbwithinbonebyear.bd 51.
bRequiredbbondbdisclosures.
d 52. Long-
b
termbdebtbdisclosures.bc53.
Timesbinterestbearnedbratio.
c. 54. Debtbtobtotalbassetsbratio.
c *55. Modificationbofbtermsbinbdebtbrestructure.
d *56.
Gain/lossbonbtroubledbdebtbrestructuring.bb
*57. Gain/lossbonbtroubledbdebtbrestructuring.
b *58. Interestbandbtroubledbdebtbrestructuring.
c *59. Creditor'sbcalculationsbforbmodificationbofbterms.
P
ThesebquestionsbalsobappearbinbthebProblem-SolvingbSurvivalbGuide.
b
S
ThesebquestionsbalsobappearbinbthebStudybGuide.
b
*bThisbtopicbisbdealtbwithbinbanbAppendixbtobthebchapter.
MULTIPLE CHOICE—Computational
b
Answer No. Description
a 60. Calculatebthebpresentbvaluebofbbondbprincipal.
b 61. Calculatebthebpresentbvaluebofbbondbinterest.
a 62. Determinebthebissuebpricebofbbonds.
c 63. Proceedsbfrombbondbissuance.
c 64. Bondsbissuedbbetweenbinterestbdates.
c 65. Proceedsbfrombbondbissuance.
c 66. Bondsbissuedbbetweenbinterestbdates.
c 67. Effective-interestbmethodbinterestbexpense.
a 68. Effective-interestbmethodbcarryingbvalue.
d 69. Straight-linebmethodbcarryingbvalue.
d 70. Straight-linebamortization/interestbexpense.
c 71. Effective-interestbmethodbinterestbexpense.
a 72. Effective-interestbmethodbcarryingbvalue.
d 73. Straight-linebmethodbcarryingbvalue.
d 74. Straight-linebmethodbamortization/interestbexpense.
b 75. Interestbexpensebusingbeffective-interestbmethod.
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c 76. Interestbexpensebusingbeffective-interestbmethod.
d 77. Entrybtobrecordbissuancebofbbonds.
a 78. Calculatebbondbinterestbexpense.
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b b b b b b
Financial Accounting (香港科技大學)
b b
StuDocubisbnotbsponsoredborbendorsedbbybanybcollegeborbuniversity
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CHAPTER 14 b
LONG-TERM LIABILITIES b
IFRSbquestionsbarebavailablebatbthebendbofbthisbchapter.
TRUE-FALSE—Conceptual
Answer No. Description
T 1. Bondbinterestbpayments.
F 2. Debenturebbonds.
T 3. Definitionbofbserialbbonds.
F 4. Marketbratebvs.bcouponbrate.
F 5. Definitionbofbstatedbinterestbrate.
T 6. Statedbratebandbcouponbrate.
F 7. Amortizationbofbpremiumbandbdiscount.
F 8. Issuancebofbbonds.
F 9. Interestbpaidbvs.binterestbexpense.
T 10. Accountingbforbbondbissuebcosts.
T 11. Refundingbofbbondbissue.
F 12. Long-termbnotesbpayable.
T 13. Implicitbinterestbrate.
T 14. Definitionbofbunrealizedbholidaybgain/loss.
T 15. Off-balance-sheetbfinancing.
T 16. Debtbtobtotalbassetsbratio.
F 17. Refinancingblong-termbdebt.
F 18. Timesbinterestbearnedbratio.
F *19. Lossbrecognizedbonbimpairedbloan.
F *20. Gain/lossbinbtroubledbdebtbrestructuring.
MULTIPLE CHOICE—Conceptual
b
Answer No. Description
a 21. Liabilitybidentification.
a 22. Bondbterms.
b 23. Definitionbofb"debenturebbonds."
P
a 24. Definitionbofbbearerbbonds.
S
d 25. Definitionbofbincomebbonds.
S
a 26. Effective-interestbvs.bstraight-linebmethod.
S
d 27. Interestbratebofbthebbondbindenture.
d 28. Ratebofbinterestbearnedbbybthebbondholders.
d 29. Calculatingbthebissuebpricebofbbonds.
d 30. Calculatingbthebissuebpricebofbbonds.
b 31. Premiumbandbinterestbrates.
a 32. Interestbandbdiscountbamortization.
d 33. Effective-interestbamortizationbmethod.
d 34. Impactbofbeffective-interestbmethod.
c 35. Recordingbbondsbissuedbbetweenbinterestbdates.
d 36. Bondsbissuedbatbotherbthanbanbinterestbdate.
d 37. Classificationbofbbondbissuancebcosts.
c 38. Bondbissuancebcosts.
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14b-b2 TestbBankbforbIntermediatebAccounting,bFourteenthbEdition
MULTIPLE CHOICE—Conceptual (cont.)
b b
Answer No. Description
b 39.b b Classificationbofbtreasurybbonds.
d
40.b b Earlybextinguishmentbofbbondsbpayable.b d
41.b b Gainborblossbonbextinguishmentbofbdebt.bc
P
42.b b In-substancebdefeasance.
P
c 43.b b Reportingblong-termbdebt.
S
a 44.b b Debtbinstrumentbexchangedbforbproperty.
d 45.
Valuationbofbnotebissuedbinbnoncashbtransaction.bd
b
46. Statedbinterestbratebofbnote.
c 47. Accountingbforbthebfairbvalueboption.
d 48. Off-balance-sheetbfinancing.
S
c 49. Off-balance-sheetbfinancing.
S
d 50. Long-
termbdebtbmaturingbwithinbonebyear.bd 51.
bRequiredbbondbdisclosures.
d 52. Long-
b
termbdebtbdisclosures.bc53.
Timesbinterestbearnedbratio.
c. 54. Debtbtobtotalbassetsbratio.
c *55. Modificationbofbtermsbinbdebtbrestructure.
d *56.
Gain/lossbonbtroubledbdebtbrestructuring.bb
*57. Gain/lossbonbtroubledbdebtbrestructuring.
b *58. Interestbandbtroubledbdebtbrestructuring.
c *59. Creditor'sbcalculationsbforbmodificationbofbterms.
P
ThesebquestionsbalsobappearbinbthebProblem-SolvingbSurvivalbGuide.
b
S
ThesebquestionsbalsobappearbinbthebStudybGuide.
b
*bThisbtopicbisbdealtbwithbinbanbAppendixbtobthebchapter.
MULTIPLE CHOICE—Computational
b
Answer No. Description
a 60. Calculatebthebpresentbvaluebofbbondbprincipal.
b 61. Calculatebthebpresentbvaluebofbbondbinterest.
a 62. Determinebthebissuebpricebofbbonds.
c 63. Proceedsbfrombbondbissuance.
c 64. Bondsbissuedbbetweenbinterestbdates.
c 65. Proceedsbfrombbondbissuance.
c 66. Bondsbissuedbbetweenbinterestbdates.
c 67. Effective-interestbmethodbinterestbexpense.
a 68. Effective-interestbmethodbcarryingbvalue.
d 69. Straight-linebmethodbcarryingbvalue.
d 70. Straight-linebamortization/interestbexpense.
c 71. Effective-interestbmethodbinterestbexpense.
a 72. Effective-interestbmethodbcarryingbvalue.
d 73. Straight-linebmethodbcarryingbvalue.
d 74. Straight-linebmethodbamortization/interestbexpense.
b 75. Interestbexpensebusingbeffective-interestbmethod.
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c 76. Interestbexpensebusingbeffective-interestbmethod.
d 77. Entrybtobrecordbissuancebofbbonds.
a 78. Calculatebbondbinterestbexpense.
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