Usually, a loan to government is safer than a loan to a private-sector borrower.
A.Right
B.Wrong
C.Doesn't say
第1题:
(d) Sirus raised a loan with a bank of $2 million on 1 May 2007. The market interest rate of 8% per annum is to
be paid annually in arrears and the principal is to be repaid in 10 years time. The terms of the loan allow Sirus
to redeem the loan after seven years by paying the full amount of the interest to be charged over the ten year
period, plus a penalty of $200,000 and the principal of $2 million. The effective interest rate of the repayment
option is 9·1%. The directors of Sirus are currently restructuring the funding of the company and are in initial
discussions with the bank about the possibility of repaying the loan within the next financial year. Sirus is
uncertain about the accounting treatment for the current loan agreement and whether the loan can be shown as
a current liability because of the discussions with the bank. (6 marks)
Appropriateness of the format and presentation of the report and quality of discussion (2 marks)
Required:
Draft a report to the directors of Sirus which discusses the principles and nature of the accounting treatment of
the above elements under International Financial Reporting Standards in the financial statements for the year
ended 30 April 2008.
第2题:
A Paying online is much unsafe than before ;
B Paying online is less safer than before ;
C Paying online is much safer than before
第3题:
A、requiring
B、hurrying
C、urging
D、pressing
第4题:
A、repaying
B、replied
C、to reply
第5题:
Usually the borrowing firm of term loans promises to repay ______.
A.the principal and interest until the end of the loan period
B.the principal and interest at the end of the loan period
C.the loan in a series of installments
D.at any time when cash is more abundant ______.
第6题:
(ii) State the taxation implications of both equity and loan finance from the point of view of a company.
(3 marks)
第7题:
The reason why the market for large CDs has been active since 1961 may be that the yield is usually higher than Treasury bills.
A.Right
B.Wrong
C.Doesn't say
第8题:
A.semantic loan
B.denizen
C.alien
D.translation loan
第9题:
Which of the following can secure a term loan?
A.Securities.
B.Land and building.
C.Accounts receivable.
D.Inventory.
第10题:
The term-loan agreement specifies a draw-down period of, say, up to two years, during which the funds must be used by the borrower; otherwise the borrower is not allowed to draw down any unused credit.
A.Right
B.Wrong
C.Doesn't say