Fare1 Flashcards
Choose the correct statement about GAAP.
A.GAAP are laws.
B. Only publicly traded companies must comply with GAAP.
C. It is a violation of SEC regulations for publicly traded companies to depart from GAAP.
D. Firms may not restate financial statements previously issued.
B
The FASB has maintained that:
A. The interests of the reporting firms will be a primary consideration when developing new GAAP. B. GAAP should have little or no cost of compliance. C. New GAAP should be neutral and not favor any particular reporting objective. D. GAAP should result in the most conservative possible financial statements.
C
Correct!
One of the objectives of the FASB in setting standards is to develop rules that are unbiased. 先入観のない。
FASB statements generally do not reflect any reporting bias.
For example, the requirement to expense all research and development costs is uniform across all firms and does not favor one firm over another.
In reference to proposed accounting standards, the term “negative economic consequences” includes:
A. The cost of complying with GAAP. B. The inability to raise capital. C. The cost of government intervention when not in compliance with GAAP. D. The failure of internal control systems.
B
Disseminated
ばらまく
rescindの意味
【法律, 法学】〈法律・条約などを〉無効にする， 廃止する，撤廃する.rescindment 【名詞】 - 約951万語ある英和辞典・和英辞典。
交換の会計処理のまとめ
1) 新たに購入された資産は？
2) 引き渡した資産は？
3) 差額は？
1) 時価評価
2) 簿価
3) 差額はgain loss
A社BBC 135,000 fv 160,000のトラックをb社の所有するトラックと交換。受領が170、000。bootとして現金10000支払う
Truck new 145,000
Truck old 135,000
Cash 10,000
ボンドの発行者の処理
Dr. Cash
cr)
Dr. Cash
Cr. premium on bond payable
Bonds payable
ボンド発行者はボンドを手渡す代わりにお金をもらう。
ボンドは利率がひっついていて、それを目当てにして投資家がかうので、利率をはらう。
Bond issuer はボンドを売りだし投資家がボンドを購入した場合何が必要？ Interest expense それともinterest revenue?
なんで？
Interest expense を投資家へ支払う必要あり。
bond Issuerは自社ボンドを担保にお金を投資家から借りているため。投資家（bond purchaser)はボンドに引っ付いてる利率にひかれて購入。
発行価格 bond carrying amount = bv x effective interest rate
利払い日の間で発行された場合の会計処理
利払い日 3月末と9月30日
11月1日にボンド発行の場合
発行時
dr. Cash
Cr. bonds payable
Dr. Cash
Cr. interest payable - face value x stated rate
初回利払い日
Dr. Interest expense ー五ヶ月分
Interest payable 1ヶ月分
Cr. cash 6ヶ月分
Bond issue cost
Show example and how to apply
Bond issue cost is intangible asset not a cost.
社債の流通期間でamortization
1, engraving printing cost
2, legal and accounting fee
3, commission
4, promotion cost
社債発行コストの会計処理
発行時と償却時
発行時
Dr. Cash
Cr. bonds payable
Dr. Bond issue cost - intangible asset, not a cost
Cr. cash
償却時
Dr. Bond issue expense
Cr. bond issue cost- decrease in asset社債に早期償還ー callable bond to redeemable bond
の理由
1) 社債に一定期日に発行会社が買い戻す権利が付与されている
2) 発行会社が金利が高い時にボンドが発行されているため、自ら発行した社債を買い上げる
F 56 209
On June 30 x1, king co had outstanding 9%, $5000,000 face value bonds maturing on June 30, x6. Interest rate was payable semiannually every June 30 and December 31. On June 30 x1, after amortization was recorded for the period, the unamortized bond premium and bond issue costs were $30,000 and $50,000, respectively. On that date, King acquired all it’s outstanding bonds on the open maket at 98 and retired them. At June 30, x1, what amount should King recognize as gain before income taxes on redemption of bonds?
Dr. Bond payable 5,000,000
Premium on b.p. 30,000
Cr. bond issue cost. 50,000
Cash. 4,900,000
Gain. 80,000
Bond issue cost は発行時に一旦資産計上し順次費用として計上。
社債の発行コストの支出expenditureは社債が流通している期間に渡って収益の獲得に貢献するという考え方。
リース期間を3年2001/1/1から開始。、リース料を毎年年末に$9000受け取る。bargain purchase optionを$4000とする。賃貸人のlessee`s implicate rate and incremental borrowing rate 6% PV is$ 27415. リース物件のcostは$20、000
2001/1/1賃借人の会計処理
2001/1/1
Dr. Leased asset. 27415
Cr. lease obligation 27415
