Which of the following is considered a current liability? Current portion of long-term debt Prepaid expenses Sales discounts Accumulated depreciation

Current portion of long-term debt

Who typically is responsible for providing the fringe benefit 'health insurance'? Both the employee and the employer Only the employee Only the employer Neither the employee nor the employer

Both the employee and the employer

Which statement is true about the Future value in reference to the time value of money? It is always the Value It is always both the Value and the Cash Flow It can be either the Value or the Cash Flow It is always the Cash Flow

It can be either the Value or the Cash Flow

An annuity is defined as: Cash flows of equal amounts over time periods of equal length. A single cash flow earning interest over time periods of equal length. Cash flows of equal amounts paid at random times during the period. Cash flows of any amount over time periods of equal length.

Cash flows of equal amounts over time periods of equal length.

With an installment note, after each payment, what happens to the amount of interest charged? The payment amount decreases. The principal owed remains unchanged. The amount of interest charged remains unchanged. The amount of interest charged decreases.

The amount of interest charged decreases.

The company issues a 10-year, 6%, $100,000 semiannual bond. The issue price was $99,500. Which statement is true? The company received $100,000. The company will pay a total of $99,500 over the life of the bond. The company's interest payments are $2,985. The company's interest payments are $3,000.

The company's interest payments are $3,000.

When determining the issue price of the bond, which of the following is true? The face amount and interest payments are: Future valued using the market interest rate. Present valued using the market interest rate. Present valued using the stated interest rate. Future valued using the stated interest rate.

Present valued using the market interest rate.

Financial Accounting Flashcards: Liabilities & Time Value of Money

Flashcard

Learn Mode

Match

Library

Create

Flashcards

Library

Match (Coming Soon)

Finance - Personal Finance

charlotte1oxhi Created by 10 mon ago

Cards in this deck(35)

Which of the following is considered a current liability?

Who typically is responsible for providing the fringe benefit 'health insurance'?

Which statement is true about the Future value in reference to the time value of money?

When determining a car payment, the amount borrowed would be the:

An annuity is defined as:

If the value is the present value and the investment does not have payments, the factor to use would be the:

You are planning on investing $6,000 every year for the next 8 years. You can earn 9% on your investment. Which investing strategy will yield the highest future value?

With an installment note, after each payment, what happens to the amount of interest charged?

The company issues a 10-year, 6%, $100,000 semiannual bond. The issue price was $99,500. Which statement is true?

When determining the issue price of the bond, which of the following is true? The face amount and interest payments are:

What will happen to the bond liability after each interest payment for a bond issued at a discount?

Which is not a purpose of the bond stated rate?

Which statement is FALSE about stock shares?

What dollar amount is recorded in the common stock account?

When a company issues 3,000 shares of $1.00 par value common stock for $10 per share, it causes an increase to:

Which shares receive dividends?

What is the difference between a stock dividend and a stock split?

The company resold 200 shares of Treasury stock for $15 that they had purchased for $16 per share. What was the effect to the company when they sold the shares?

Which of the following is a current liability?

Which statement is true about the Payment in reference to the time value of money?

Which statement is true regarding the relationship between present value and future value?

Which statement is true about annuities?

Describe the process of shares in relation to company and each?

You are planning on investing $3,000 every year for the next 5 years. You can earn 10% on your investment. Which investing strategy will yield the highest future value?

With an installment note, after each payment, what happens to the principal owed?

The reason a bond would issue for less than its face amount is:

The company issues a 10-year, 8%, $100,000 semiannual bond. The issue price was $101,000. Which statement is true?

Compare and contrast company in relation to each and present?

What will happen to the bond liability after each interest payment for a bond issued at a face?

Which statement is FALSE regarding bonds?

What is the difference between issued shares and outstanding shares?

What category shows the amount the owners invested into the company?

When a company issues 2,000 shares of $1.00 par value common stock for $15 per share, it causes an increase to:

When determining the ending balance in total stockholders' equity, the cost of treasury stock is:

The company resold 100 shares of Treasury stock for $10 that they had purchased for $9 per share. What was the effect to the company when they sold the shares?

Ask Our AI Tutor

Get Instant Help with Your Questions

Need help understanding a concept or solving a problem? Type your question below, and our AI tutor will provide a personalized answer in real-time!

How it works

Ask any academic question, and our AI tutor will respond instantly with explanations, solutions, or examples.

Get Started

Browse questions and discover topic-based flashcards
Practice with engaging flashcards designed for each subject
Strengthen memory with concise, effective learning tools

Discover By Topic

Financial Accounting Flashcards: Liabilities & Time Value of Money

Related Decks