Scribd
Upload
52 views1 page

Long-Term Liabilities: True-False

This document appears to be a quiz on long-term liabilities concepts, listing 20 true-false questions about topics like serial bonds, bond interest payments, accounting for bond issue costs, and debt ratios. It tests understanding of key terms used for long-term financing instruments and how they are treated in accounting.

Uploaded by

Chryzbryth Lorenzo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
52 views1 page

Long-Term Liabilities: True-False

This document appears to be a quiz on long-term liabilities concepts, listing 20 true-false questions about topics like serial bonds, bond interest payments, accounting for bond issue costs, and debt ratios. It tests understanding of key terms used for long-term financing instruments and how they are treated in accounting.

Uploaded by

Chryzbryth Lorenzo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

LONG-TERM LIABILITIES

TRUe-FALSe—Conceptual
Answer No. Description
T 1. Bond interest payments.
F 2. Debenture bonds.
T 3. Definition of serial bonds.
F 4. Market rate vs. coupon rate.
F 5. Definition of stated interest rate.
T 6. Stated rate and coupon rate.
F 7. Amortization of premium and discount.
F 8. Issuance of bonds.
F 9. Interest paid vs. interest expense.
T 10. Accounting for bond issue costs.
T 11. Refunding of bond issue.
F 12. Long-term notes payable.
T 13. Implicit interest rate.
T 14. Imputation and imputed interest rate.
T 15. Off-balance-sheet financing.
T 16. Debt to total assets ratio.
F 17. Refinancing long-term debt.
F 18. Times interest earned ratio.
F *19. Loss recognized on impaired loan.
F *20. Gain/loss in troubled debt restructuring.

You might also like