21 A warning sign that ordinary expenses are now being classified as nonrecuring

Question

21  
A warning   sign that ordinary expenses are now being classified as nonrecuring or   nonoperating expenses


A. falling core operating margin   followed by a spike in positive special items





B. a spike in positive special items   followed by falling core operating margin





C. falling core operating margin   followed by a spike in negative special items
































22 Which of the following obligations   must be reported on a company's balance sheet ?




A. Capital leases











B. operating leases











C. purchase commitments























23 the most accurate estimate for off   balance sheet financing related to operating leases consists of the sum of:


A. Future payments











B. Future payments less a discount   to reflect the interest component






C. Future payments plus a premium to   reflect  the interest component



















24 The intangible asset goodwill   represents the value of an acquired company that cannot be attached to other   tangible assets.
This noncurrent asset account is   charged to an expense:







A. As amortization











B. When it becomes impaired










C. At the time of the   acquisition






















25 Total accruals measured using the   balance sheet is most likely to differ from tota; accdrualsmeasured using the   statement of cash
flows when the company has made   acquisitions








A. Financed by debt











B. in an exchange for cash










C. in an exchange for  stock









21  
A warning   sign that ordinary expenses are now being classified as nonrecuring or   nonoperating expenses


A. falling core operating margin   followed by a spike in positive special items





B. a spike in positive special items   followed by falling core operating margin





C. falling core operating margin   followed by a spike in negative special items
































22 Which of the following obligations   must be reported on a company's balance sheet ?




A. Capital leases











B. operating leases











C. purchase commitments























23 the most accurate estimate for off   balance sheet financing related to operating leases consists of the sum of:


A. Future payments











B. Future payments less a discount   to reflect the interest component






C. Future payments plus a premium to   reflect  the interest component



















24 The intangible asset goodwill   represents the value of an acquired company that cannot be attached to other   tangible assets.
This noncurrent asset account is   charged to an expense:







A. As amortization











B. When it becomes impaired










C. At the time of the   acquisition






















25 Total accruals measured using the   balance sheet is most likely to differ from tota; accdrualsmeasured using the   statement of cash
flows when the company has made   acquisitions








A. Financed by debt











B. in an exchange for cash










C. in an exchange for  stock

Explanation / Answer

21.C. falling core operating margin followed by a spike in negative special items

22,A. Capital leases

23B. Future payments less a discount to reflect the interest component

24.A. As amortization

25.C. in an exchange for stock

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