24周年

财税实务 高薪就业 学历教育
APP下载
APP下载新用户扫码下载
立享专属优惠

安卓版本:8.7.41 苹果版本:8.7.40

开发者:北京正保会计科技有限公司

应用涉及权限:查看权限>

APP隐私政策:查看政策>

HD版本上线:点击下载>

"Financial Report":Loan contract

来源: 正保会计网校 编辑:小鞠橘桔 2020/12/04 14:14:55 字体:

学习是一个不断积累的过程,每天学习一点,每天进步一点!为了帮助大家更高效地备考2021年CFA考试,正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试,梦想成真!

Questions 1:

A company that provides cruise ship vacations uses term loans to finance the acquisition of new cruise ships. Which of the following is most likely a negative covenant for the loans? The company must:

A 、ensure the ships are insured.

B、 seek lender approval to pay dividends.

C、 maintain a minimum level of working capital.

Questions 2:

A company issued bonds in 2012 that mature in 2022. The measurement basis that will most likely be used on the 2012 balance sheet for the bonds is:

A、 amortized cost.

B 、market value.

C 、historical cost.

View answer resolution
【Answer to question 1】B

【analysis】

B is correct. Negative covenants require that a borrower not take certain actions. The requirement to seek the lender’s approval before paying dividends is an example of a negative covenant. The other two are affirmative covenants. 

A is incorrect. This is an affirmative covenant. The bank would want to ensure that the ships, or collateral for the loan, are adequately insured. 

C is incorrect. This is an affirmative covenant. Maintaining a minimum level of working capital is often a covenant to ensure the company has adequate levels of liquidity to make the interest payments.

【Answer to question 2】A

【analysis】

A is correct. Bonds payable issued by a company are financial liabilities that are usually measured at amortized cost. 

B is incorrect. Only financial liabilities held for trading are measure at market value, and that does not include bonds issued by the company. 

C is incorrect. Historical cost would record the bonds at the value at date of issue and not amortize the bond premium or discount over the life of the bond.

成功=时间+方法,自制力是这个等式的保障。世上无天才,高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩,其成绩背后无比寂寞的勤奋。小编相信,每天都在勤奋练习,即使是一点点的进步,大家一定可以成为人人称赞的“牛人”。

点击了解更多CFA考试资讯>>

免费试听

特许金融分析师限时免费资料

  • CFA报考指南

    CFA报考指南

  • CFA考试大纲

    CFA考试大纲

  • CFA历年

    CFA历年

  • CFA学习计划

    CFA学习计划

  • CFA思维导图

    CFA思维导图

  • CFA备考建议

    CFA备考建议

回到顶部
折叠
网站地图

Copyright © 2000 - www.fawtography.com All Rights Reserved. 北京正保会计科技有限公司 版权所有

京B2-20200959 京ICP备20012371号-7 出版物经营许可证 京公网安备 11010802044457号

报考小助理

备考问题
扫码问老师