WorksheetsNon-Current Liabilities Test
Total questions: 7
Worksheet time: 11mins
Which one is not a leverage ratio
Debt-to-aassets ratio
Interest coverage ratio
Debt-to-capital ratio
Financiaal leverage ratio
When a bond is issued at a price equal to its face value, the bond is said to have been used....
at discount
above fair vale
at par
at risk
Under ............................ companies generally show these debt issuance costs as an asset.
IFRS
IASB
NIC
US GAAP
Which of the following statements is true?
Negative covenants restrict the borrower's activities by requiring ceretain actions.
Covenants always restrict the borrower's ability to invest.
Covenants may specify minimum acceptable levels of fanancial ratios.
The covenants protect borrowers by restricting activities of the lender.
A long-term liability broadly represents a probable sacrifice of economic benefits in periods...
greater than one year.
of less than one year.
equal to one year.
not specified.
Which one is not a long-term liability?
Finance leases
Pension liability
Bond payable
Bank overdraft
Which statement is false?
Interest portion of lease payment is a financing cash outflow under US GAAP
Interest portion of lease payment received is an operating cash inflow under US GAAP
Receipt of lease principal is an investing cash inflow
Rent payment is an operating cash outflow
