9. What constitutes "significant influence" when an in-vestor's financial interest is less than 50%?|

The term "significant influence" means an important impact of any party over the another…

Answered: 9. What constitutes "significant…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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High interest coverage ratio does not indicate O a. The ability to pay future dividends O b. No other answer is true O c. The ability to pay interest O d. The percentage of operating profit paid as an interest
5. Understanding Total Debt Ratio can help a firm know how tomanage their risk of potential bankruptcy and their ability torepay their liabilities. Y/N
What is the three-step process used to determine the amount of interest capitalized?
Interest payable on debentures is: a. An appropriation of profits of the company b. A charge against profits of the company c. Not paid in case of inadequate profits d. Transferred to General Reserve Account
1. Distinguish between a current liability and a long-term debt. 2. Why is the liabilities section of the balance sheet of primary significance to bankers? 3. What is the nature of a discount on notes payable? 4. Under what conditions must an employer accrue a liability for the cost of compensated absences? 5. Under what conditions should short-term obligation be excluded from current liabilities? 5.
السؤال 17 ?On a certain long term debt, principal and interest is due for payment. This will be recorded under which one of the following type of expenditure Debt service expenditure O Capital outlay expenditure.b O Revenue expenditure CO Operating expenditure.d O
10. The carrying value of available-for-sale debt and equity securities is a. historical costb. the current market valuec. the lower of cost or current market valued. the higher of cost or current market value
Amortizing a net loss-AOCI for pensions will have the following impact on the components of shareholders' equity: O increase retained earnings and decrease total AOCI in the balance sheet. O increase retained earnings and increase total AOCI in the balance sheet. O decrease retained earnings and decrease total AOCI in the balance sheet. O decrease retained earnings and increase total AOCI in the balance sheet.
12. What are the valuation guidelines for trading and available-for-sale investments at a balance sheet date? |
Creditors look for Select one: a. Net working capital for their safety b. Balance net working capital for their safety c. None of the options d. High net working capital for their safety e. Less net working capital for their safety
Times interest earned is A) The number of times the interest on a bond issue is covered by operating profit B) The number of times the dividends are covered by net income C) The number of times the interest on a bond issue is covered by net income D) The number of times the interest on a bond issue is covered by retained earnings

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9. What constitutes "significant influence" when an in- vestor's financial interest is less than 50%?