The value of the collateral must be ______.
A.greater than the loan amount
B.the same as or be greater than the loan amount
C.smaller than the loan amount
D.the same as the loan amount
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:
From this selection we may conclude that the king's crown______.
A. moved less water than pure gold of the same size
B. moved more water than pure gold of the same weight
C. moved more water than pure gold of the same size
D. moved less water than pure gold of the same weight
第3题:
A、requiring
B、hurrying
C、urging
D、pressing
第4题:
听力原文: Some banks offer other types of loans repayable by monthly installments, such as business development loans, house improvement loans, and farm development loans. These may be either secured or unsecured. Secured loans attract a slightly lower rate of interest than unsecured loans. Some banks offer revolving credit schemes. These normally involve loans repayable by regular monthly installments, but they differ from other loans repayable by installments in two respects. First, the borrower need not take up the full amount of the loan at the outset. Secondly, as his repayments reduce his indebtedness, he can "top up" his loan by borrowing more, provided that the total debt outstanding does not exceed his agreed credit limit. In 1967 some banks introduced a new form. of account called a "budget account". The object is to allow personal customers to spread the incidence of normal personal and household expenditure.
24. Which of the following loans is not repaid by installments?
25.Which of the following loans would attract a lower rate of interest?
26.How does a borrower "top up" his loan?
27.What is the objective of introduction of the budget account?
(24)
A.Business development loans.
B.House improvement loans.
C.Farm development loans.
D.Overdrafts.
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:
单句理解
听力原文:For one full year when the full principal plus interest is paid together, compound interest and simple interest yield the same dollar amount.
(1)
A.If the time period of the loan is one year, the simple interest and compound interest are the same.
B.If the time period of the loan is the same, the simple interest and compound interest are the same.
C.When the full principal plus interest is paid together, compound interest and simple interest are of the same dollar amount.
D.When the full principal plus interest is paid together, compound interest and simple interest are not of the same dollar amount.
第8题:
A.semantic loan
B.denizen
C.alien
D.translation loan
第9题:
A、repaying
B、replied
C、to reply
第10题:
The following statements concerning long-term debt are true except that ______.
A.long-term debt is a liability of a period longer than one year
B.long-term debts are paid in installments
C.despite of different payment plans, long-term debts are never classified as current liabilities
D.the loan borrowed by the company is a typical example of long-term debt