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75 minutes and assist me with an Accounting final

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Question;Is someone able to set aside about 75 minutes and assist me with an Accounting final? (I will need help during the 75 minutes as it is a timed exam). Various topics include: when to recognize revenue, statement of cash flows, bonds, leases, EPS, investments, derivative instrumentsIf you think you can help me please let me know. Thanks!!;1.;Bondsare issuedonJune1thathaveinterestpaymentdatesofApril1andOctober1.BondinterestexpensefortheyearendedDecember31,2009,isfora;period of;0A)Sevenmonths.0B)Threemonths.0C)Sixmonths.0D)Fourmonths.;2.;Ofthefourcriteriaforacapitallease,theonethatmostoftenisthedecisivecriteriais;0A)The90%offairvaluetest.0B)Thebargainpurchaseoption.0C)The75%ofeconomiclifetest.0D)Thetransferoftitle.;3.;Whichofthefollowingdoesnotrepresentacashflowrelatingtooperatingactvities?;0A)Cashpaidforsalaries;0B)Cashreceivedfromcustomers;0C)CashdividendspaidIQstQckhQlders;0D);Interestpaid;tobondholders;4.;Foratypical manufacturingcompany,themostcommoncritical pointforrecognizingrevenueisthedate;0A)Theproductisdelivered.;0B)Anorderisreceived.0C)Paymentisreceived.0D)Productioniscompleted="margin-top:2.8pt,margin-right:0cm,margin-bottom:0cm,margin-left:>;5.;Theinterestexpenseisforthetimethebondswere;outstandingduringthe;reportingperiod-7monthsinthiscase.;Assessment;01:14:25;A$500,000bondissuesoldfor98.Therefore,thebonds;0A)Soldatadiscountbecausethe;effectiveinterestratewaslowerthantheface;rate.0B)Soldat;apremiumbecause;th:e;statedrateofinterest;washigherthan;theyieldrate.OqSoldforthe$500,000;faceamountless$10,000ofaccruedinterest.;0D);Soldatadiscountbecausethestated;rate;ofinterestwaslowerthantheeffective;rate.;6.;Whichofthefollowingstatementscharacterizesaleveragedlease?;0A)Thelessortreats;theleaseas;anoperatinglease.;0B)Thelessor'sinterestrateisalwayshigherbecausetheleaseisleveraged.;0C)Thelesseemakesleasepaymentstothelessor'slender.;0D);Thelessorborrowspartof;theacquisitionprice;oftheleasedassetfromathirdpartylender.;7.;Straight-line;amortization;ofbonddiscountorpremium;0A)Providesthesameamountofinterestexpenseeachperiodas;doestheeffectiveinterestmethod.;0B)Providesthesametotalamountofinterestexpenseoverthelifeofthebondissueasdoestheeffectiveinterest;method.;0C)Isapproprate;fordeepdiscou.nt;bonds.;0D);Canbe;usedforamortization;

 

Paper#41524 | Written in 18-Jul-2015

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