新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"Financial Report":Loan contract
學習是一個不斷積累的過程，每天學習一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網(wǎng)校每日為大家上新CFA習題供大家練習。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！
Questions 1:
A company that provides cruise ship vacations uses term loans to finance the acquisition of new cruise ships. Which of the following is most likely a negative covenant for the loans? The company must:
A 、ensure the ships are insured.
B、 seek lender approval to pay dividends.
C、 maintain a minimum level of working capital.
Questions 2:
A company issued bonds in 2012 that mature in 2022. The measurement basis that will most likely be used on the 2012 balance sheet for the bonds is:
A、 amortized cost.
B 、market value.
C 、historical cost.
View answer resolution
【Answer to question 1】B
【analysis】
B is correct. Negative covenants require that a borrower not take certain actions. The requirement to seek the lender’s approval before paying dividends is an example of a negative covenant. The other two are affirmative covenants.
A is incorrect. This is an affirmative covenant. The bank would want to ensure that the ships, or collateral for the loan, are adequately insured.
C is incorrect. This is an affirmative covenant. Maintaining a minimum level of working capital is often a covenant to ensure the company has adequate levels of liquidity to make the interest payments.
【Answer to question 2】A
【analysis】
A is correct. Bonds payable issued by a company are financial liabilities that are usually measured at amortized cost.
B is incorrect. Only financial liabilities held for trading are measure at market value, and that does not include bonds issued by the company.
C is incorrect. Historical cost would record the bonds at the value at date of issue and not amortize the bond premium or discount over the life of the bond.
成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。
學員討論（0）
推薦閱讀
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號
