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[主观题]

Due to global oversupply in the micro-chip industry a company wrote down its 2012 inv

entory by €4.0 million from €12.0 million. The following year, due to a change in competitive forces in the industry the market price of these chips rose sharply to 10% above their original 2012 value. If the company prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), its 2013 inventory (in €-millions) will most likely be reported as:

A. 8.0.

B. 12.0.

C. 13.2.

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更多“Due to global oversupply in th…”相关的问题

第1题

On 1 January 2009, a company that prepares its financial statements according to IFRS issued bonds with the following features:

10. On 1 January 2009, a company that prepares its financial statements according to IFRS issued bonds with the following features:

·Face value ￡20,000,000

·Term 5 years

·Coupon rate 6% paid annually on December 31

·Market rate at issue 4%

The company did not elect to carry the bonds at fair value. In December 2011 the market rate on similar bonds had increased to 5% and the company decided to buy back (retire) the bonds after the coupon payment on December 31. As a result, the gain on retirement reported on the 2011 statement of income is closest to:

A. ￡340,410.

B. ￡371,882.

C. ￡382,556.

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第2题

An analyst makes the appropriate adjustments to the financial statements of retail co

mpanies that are lessees using a substantial number of operating leases.Compared to ratios computed from the unadjusted statements, the ones computed from the adjusted statements wouldmost likely be higher for:

A.the debt-equity ratio but not the interest coverage ratio.

B.the interest coverage ratio but not the debt-equity ratio.

C.both the debt-equity ratio and the interest coverage ratio.

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第3题

A company issued $2,000,000 of bonds with a 20 year maturity at 96.Seven years later,

the company called the bonds at 103 when the unamortized discount was $39,000.The company would most likely report a loss of:

A.$60,000.

B.$99,000.

C.$138,000.

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第4题

A company, which prepares its financial statements in accordance with IFRS issues ￡5,

000,000 face value ten year bonds on January 1, 2010 when interest rates are 5.50%.The bonds carry a coupon of 6.50%, with interest paid annually on December 31.The carrying value of the bonds as of December 31, 2011 will be closest to:

A.￡4,695,562.

B.￡5,301,000.

C.￡5,316,000.

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第5题

Compared to classifying a lease as a financing lease, if a lessee reports the lease a

s an operating lease it will most likely result in a:

A.lower return on assets.

B.higher debt-to-equity ratio.

C.lower cash from operations.

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第6题

Given the following information about a company:What is the most appropriate conclusion

Given the following information about a company:

What is the most appropriate conclusion an analyst can make about the solvency of the company? Solvency has:

A.improved because the debt-to-equity ratio decreased.

B.deteriorated because the debt-to-equity ratio increased.

C.improved because the fixed charge coverage ratio increased.

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第7题

A company issued a $50,000 7-year bond for $47,565.The bonds pay 9 percent per annum

and the yield-to-maturity at issue was 10 percent.The company uses the effective interest rate method to amortize any discounts or premiums on bonds.After the first year, the yield to maturity on bonds equivalent in risk and maturity to these bonds is 9 percent.The amount of the bond discount amortization ($) recorded in the second year isclosest to:

A.282.

B.348.

C.2,178.

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第8题

On 1 January 2011 the market rate of interest on a company’s bonds is 5% and it issue

s a bond with the following characteristics:

If the company uses IFRS, its interest expense (in millions) in 2011 is closest to:

A.€1.846.

B.€2.307.

C.€2.386.

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第9题

Which of the following is most likely a benefit of debt covenants for the borrower?A.

Which of the following is most likely a benefit of debt covenants for the borrower?

A.Reduction in the cost of borrowing.

B.Limitations on the company’s ability to pay dividends.

C.Restrictions on how the borrowed money may be invested.

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第10题

A capital lease requires annual lease payments of $2,000 at the start of each year.Fa

ir value of the leased equipment at inception of the lease is $10,000 and the implicit interest rate is 12 percent.If the present value of the lease payments equals the fair value of the equipment at the inception of the lease, the interest expense (in $) recorded by the lessee in the second year of the lease is closest to:

A.960.

B.1,104.

C.1,200.

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