Careful reading of an annual report will reveal that off-balance-sheet debt includes
A: Amounts due in future years under operating leases.
B: Transfers of accounts receivable without recourse.
C: Current portion of long-term debt.
D: Amounts due in future years under capital leases.
A: Amounts due in future years under operating leases.
B: Transfers of accounts receivable without recourse.
C: Current portion of long-term debt.
D: Amounts due in future years under capital leases.
举一反三
- Since payment is due within one year, the current portion of long-term debt should be reported separately in the long-term liabilities section of the balance sheet.
- Under the allowance method of accounting for uncollectible accounts receivable, no attempt is made to estimate the bad debt expense. ( )
- The category "Other Receivables" on the balance sheet includes: A: Accounts Receivable, Interest Receivable. B: Notes Receivable, Accounts Receivable, Interest Receivable. C: Interest Receivable, Dividend Receivable, Advances to employees. D: none of the above.
- Which of the following current assets will not generate cash in the future? A: prepayments B: accounts receivable C: inventory D: marketable securities
- Which one of the following can be a source of cash? ( ) A: decrease in<br/>inventory B: decrease in common stock C: decrease in long-term debt D: increase in accounts receivable