Financing Liabilities Test Bank (Intermediate Accounting)

Financing Liabilities Test Bank and Assessment

This test bank and assessment is covering Operating Financing Liabilities Topic which is covered by Intermediate Accounting Module Students. With the help of this test bank set you will be able to assess your students on this topic. Financing Liabilities Test Bank Set containing different types of questions such as:

• Multiple Choice questions;
• True/Falls questions;
• Open-ended questions;

Financing Liabilities Test Bank will help you to assess following learning objectives of the students:

• Describe and illustrate accounting for notes payable.
• Explain the common features of bonds payable and discuss the initial recognition at par value, at a discount, and at a premium.
• Demonstrate accounting for bonds issued at par or at a dis- count or premium, including computation of the bond issue price, interest expense, and amortization of the discount or premium using the effective interest rate method.
• Explain and illustrate accounting for bonds issued between interest payment dates.
• Discuss and illustrate the accounting for bond issue costs.
• Determine the accounting for bonds payable at early retirement.
• Explain and illustrate the accounting for convertible bonds.
• Describe and illustrate the accounting for warrants, including those that are detachable and nondetachable.
• Explain the reclassification of financing liabilities for current maturities of long-term debt, short-term debt expected to be refinanced, and callable obligations.

Financing Liabilities Test Bank and Assessment Set contains 201 questions which will fully cover assessment process on this topic and will make your life easier. All answers to all questions are included which will make checking process faster.
Test bank for Financing Liabilities is in the WORD format which will let you make any adjustments if required.

Please leave your feedback once you will use this resource, it will help us to improve our teaching resources!