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Debt covenants to protect bondholders areleast likely to:A.restrict the issuance of new

Debt covenants to protect bondholders areleast likely to:

A.restrict the issuance of new debt.

B.require sinking fund redemptions.

C.prohibit bond repurchases at a premium to par.

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第1题

From the lessee’s perspective, compared to an operating lease, a finance lease results in:

A.higher asset turnover.

B.a higher debt-to-equity ratio.

C.lower operating cash flow.

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第2题

Bao Company has a defined benefit plan for its employees.Which of the following changes in assumptions would most likely decrease its reported pension expense? An increase in the expected:

A.retirement age.

B.return on plan assets.

C.growth rate of salaries.

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第3题

Under U.S.GAAP, which of the following statements about the financial statement effects of issuing bonds is least accurate?

A.Issuance of debt has no effect on cash flow from operations.

B.Periodic interest payments decrease cash flow from operations by the amount of interest paid.

C.Payment of debt at maturity decreases cash flow from operations by the face value of the debt.

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第4题

A dealer of large earth movers that leases the machinery to its customers is most likely to treat the leases as:

A.operating leases, and account for inventory using LIFO.

B.sales-type leases, and account for inventory using specific identification.

C.direct financing leases, and account for inventory using weighted average cost.

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