MCSA Guide to Microsoft SQL Server 2012 (Exam 70-462)
acct-370-exam-4-complete-solution
TEST PROFILEThe National Council Licensure Examination (NCLEX) is developed by theNational Council of State Boards of Nursing (NCSBN) as part of licensure fornurses. The NCLEX measures nursing skills at the entry level. That is, an entrylevelnurse should be able t...
134. The total asset turnover ratio for 2019 is (rounded):
135. Floating-rate debt is the most common method for lenders to protect themselves from losses that may
arise as a result of:
136. Cheery Company follows IFRS for its financial reporting. On January 1, 2018
Cheery issued €250 million of 10-year convertible notes that pay interest at 5%
, annually. Investors pay €250 million for the notes even though the company’s credit
risk at the time implies a 10% interest rate for traditional debt of similar duration.
When the cash flows associated with the debt are discounted at 10%, the resulting
value is €175 million.
137. How much cash will Cheery pay for interest during 2018?
138. The components of pension expense are:
139. Defined contribution plans are preferred by companies for all except which of the following reasons?
140. Cash dividends paid by a corporation:
141. Companies with surplus cash will consider the needs of cash for:
142. When a dividend is not declared on preferred stock, and the common shareholders cannot receive a
dividend until all past and current dividends are paid to the preferred shareholders, the preferred stock
is:
143. Mandatorily redeemable preferred stock is reported on the balance sheet as:
, 144. Which of the following is not indicative of a complex capital structure?
145. The Heath Corporation reported net income for 2018 of $177,500. Heath began the
year with 100,000 shares of $5 par value common shares outstanding and 2,500
shares of $100 par value 8% preferred shares outstanding. On October 1, Heath sold
10,000 shares of common stock for $6 per share. Heath paid dividends to the common
shareholders in December.
146. If each share of preferred stock is convertible into 8 shares of common stock, the
diluted earnings per share for 2018 is (rounded):
147. On January 1, 2018, Waddle Company adopted a compensatory stock option plan
and granted its managers 10,000 options to buy shares of common stock; each option
can be used to acquire a share of common stock at a price of $25 a share. The fair
value of each option was $7.50 on January 1, 2018. The options can be converted into
common stock after July 1, 2018. The required service period is three years.
148. What is the balance in paid-in capital-stock options as of December 31, 2019
assuming that the fair value approach to accounting for stock options is used?
149. Accounting for nonqualified stock option plans results in all of the following except:
150. To record newly issued stock shares upon conversion of debt, managers most often choose the method
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