ACC 422 Final Exam Guide 3 For more course tutorials visit www . uophelp . com
53 ) If bonds are issued initially at a premium and the effectiveinterest method of amortization is used , interest expense in the earlier years will be 54 ) Bonds that pay no interest unless the issuing company is profitabl e are called 55 ) Minimum lease payments may include a 56 ) An essential element of a lease conveyance is that the 57 ) While only certain leases are currently accounted for as a sale or p urchase , there is theoretic justification for considering all leases to be sales or purchases . The principal reason that supports this idea is that 58 ) In the earlier years of a lease , from the lessee ’ s perspective , the us e of the 59 ) In a lease that is appropriately recorded as a directfinancing lease by the lessor , unearned income 60 ) In order to properly record a directfinancing lease , the lessor needs to know how to calculate the lease re ceivable . The lease receivable in a directfinancing lease is best defined as =================================================
SET 3
ACC 422 Final Exam Guide 3 For more course tutorials visit www . uophelp . com
1 ) Which of the following is NOT considered cash for financial reporting purposes ? 2 ) What is the preferable presentation of accounts receivable from officers , employees , or affiliated companies on a balance sheet ? 3 ) Which of the following items should NOT be included in the Cash caption on the balance sheet ? 4 ) The advantage of relating a company ' s bad debt expense to its outstanding accounts receivable is that this approach 5 ) Which of the following is a generally accepted method of determining the amount of the adjustment to bad debt expense ?