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?