F5 General Cards

What is the normal present value formula

Present value=----------------- * Present value factor

Present value=Future amount * -----------------------

------------------=Future amount * Present value factor

A bargan lease option is included as part of the ------------------------------ to be disounted to the date of inception  of the lease becouse it is a future cash flow that is considered certain.

A bargan lease option is included as part of the minimum lease payments to be disounted to the date of ---------- of the lease becouse it is a future cash flow that is considered certain.

recognition of a gain resulting from the sale in a sale leaseback should be -------------- when the seller lessee retains the right to substantially all of the remaining use of the property

recognition of a gain resulting from the sale in a sale leaseback should be deferred when the seller lessee retains the right to --------------------------- all of the remaining use of the property

Interest revenue is recognized for a capital lease based on the ------------------ times the carrying value of the lease receivable.  As time passes the lease receivable decreases and interest revenue recognized also decreases

Interest revenue is recognized for a capital lease based on the discount rate times the ------------- of the lease receivable.  As time passes the lease receivable decreases and interest revenue recognized also decreases

Interest revenue is recognized for a capital lease based on the discount rate times the carrying value of the lease receivable.  As time passes the lease receivable ---------- and interest revenue recognized also --------------

when the seller lassee retains only a minor portion (PV of leaseback is 10% or less of FV of the asset sold) any gain should be recognized---------------------- and none deferred

when the seller lassee retains only a minor portion (PV of leaseback is 10% or less of FV of the asset sold) any gain should be recognized immediately and none -----------------

a lease is a capital lease if its term is ----- or more of the life of the leased property under US GAAP or the lease term is for a major part of the economic life under IFRS.  The rate to use to calculate present value is the lessors implicit rate if known by the lessee and if it is lower then the lessees incremental borrowing rate

a lease is a capital lease if its term is 75% or more of the ------------------------ under US GAAP or the lease term is for a major part of the economic life under IFRS.  The rate to use to calculate present value is the lessors implicit rate if known by the lessee and if it is lower then the lessees incremental borrowing rate

a lease is a capital lease if its term is 75% or more of the life of the leased property under US GAAP or the lease term is for a major part of the economic life under IFRS.  The rate to use to calculate present value is the lessors ------------------ if known by the lessee and if it is lower then the lessees incremental borrowing rate

If any of the following conditions is met a lease is considered a capital lease under US GAAP and is treated as if owned by the lessee

1. the lease transfers lownership to the lessee by the end of the lease term
2. the lease contains a bargain purchse option
3. the present value at the begginning of the lease term of the minimum lease payments equals or exceeds 90% of the fair value of the leased property
4. -----------------------------------------------------------------------y

If any of the following conditions is met a lease is considered a capital lease under US GAAP and is treated as if owned by the lessee
1. the lease transfers lownership to the lessee by the end of the lease term
2. the lease contains a bargain purchse option
3. ---------------------------------------------------------------------------------------------------
4. The lease term is 75% or more of the estimated economic life of the leased property

If any of the following conditions is met a lease is considered a capital lease under US GAAP and is treated as if owned by the lessee
1. the lease transfers lownership to the lessee by the end of the lease term
2. ----------------------------------
3. the present value at the begginning of the lease term of the minimum lease payments equals or exceeds 90% of the fair value of the leased property
4. The lease term is 75% or more of the estimated economic life of the leased property

If any of the following conditions is met a lease is considered a capital lease under US GAAP and is treated as if owned by the lessee
1. -----------------------------------------------------------------------------
2. the lease contains a bargain purchse option
3. the present value at the begginning of the lease term of the minimum lease payments equals or exceeds 90% of the fair value of the leased property
4. The lease term is 75% or more of the estimated economic life of the leased property

If any of the following conditions is met a lease is considered a capital lease under US GAAP and is treated as if owned by the lessee
1. the lease transfers lownership to the lessee by the end of the lease term
2. the lease contains a bargain purchse option
3. the present value at the begginning of the lease term of the minimum lease payments equals or exceeds -------- of the fair value of the leased property
4. The lease term is --------- or more of the estimated economic life of the leased property

If any of the following conditions is met a lease is considered a --------------------- under US GAAP and is treated as if owned by the lessee
1. the lease transfers lownership to the lessee by the end of the lease term
2. the lease contains a bargain purchse option
3. the present value at the begginning of the lease term of the minimum lease payments equals or exceeds 90% of the fair value of the leased property
4. The lease term is 75% or more of the estimated economic life of the leased property

in a sales type lease any differaence between the ---------- of the leased asset and its carrying value is recognized as maufacturs or dealers profit

in a sales type lease any differaence between the fair value of the leased asset and its ---------------- is recognized as maufacturs or dealers profit

Unearned interest revenue in a sales types lease is amortized over the period of the lease using the -----------------------

Unearned interest revenue in a sales types lease is ---------- over the period of the lease using the interest method

Lessors recording a lease receivable for a direct financing lease should include the --------------------- plus any residual value

Lessors recording a lease receivable for a direct financing lease should include the minimum lease payments plus any -------------------------

in a sales types lease the difference between the ---------------- of the leased asset and its cost at inception is recognized as manufacturers or dealers profit

in a sales types lease the difference between the fair value of the leased asset and its cost at ----------------------- as manufacturers or dealers profit

To determine the market price of a bond the present value of the principal is added to the present value of all interest paymetns using the --------------------------

To determine the -------------------- of a bond the present value of the principal is added to the present value of all interest paymetns using the market interest rate

To determine the market price of a bond the -----------------------------------l is added to the present value of all interest paymetns using the market interest rate

To determine the market price of a bond the present value of the principal is added to the ------------------ of all interest paymetns using the market interest rate

When a discount on a bond or note is amortized the discount amortization increases ------------------ for the period

Under US GAAP no value is assigned to the ---------------------- when the bonds are issued

Under IFRS bond issue costs reduce the ---------------------- from the bond issuance and are deducted from the carrying value of the liability.

Under IFRS bond issue costs reduce the cash received from the ------------------- and are deducted from the carrying value of the liability.

the interest payable on a bond is calculated by taking the ------------------- of the bond at the beginning of th eperiod and multiply this amount by the contractual interest rate

the interest payable on a bond is calculated by taking the face value of the bond at the beginning of th eperiod and multiply this amount by the -----------------------

For a capital lease, the reduction in ------------------ each year is equal to the current liability at the end of the previous year

For a capital lease, the reduction in lease liability each year is equal to the current liability at the end of the --------------------

any profit or loss on a sale/leaseback classified as a ------------------------ shall be deferred and amortized in proportion to depresiation taken on the leased back asset. 

any profit or loss on a sale/leaseback classified as a capital lease shall be --------------------------- in proportion to depresiation taken on the leased back asset. 

any profit or loss on a sale/leaseback classified as a capital lease shall be deferred and amortized in proportion to ------------------------- taken on the leased back asset. 

For long term borrowings and redeemable stock disclosures should include --------------------------------- requirements for each of the next five years and redemption requirements for each of the next five years respectively.

For long term borrowings and redeemable stock disclosures should include maturities and sinking fund requirements for each of the next five years and ------------------------- for each of the next five years respectively.

For long term borrowings and redeemable stock disclosures should include maturities and sinking fund requirements for each of the next ---------------- and redemption requirements for each of the next ----------------- respectively.

----------------------- on the sale of bonds is included in the carrying value of the bonds on the balance sheet

discount or premium on the sale of bonds is included in the carrying value of the bonds on the ----------------------