- Study guides, Class notes & Summaries

Accounting for Operating Leases under ASC 842 (Lessor) 1 Cash annual pmt amt Unearned Rev annual pmt amt 2 Unearned Rev annual pmt amt Lease Rev annual pmt amt Deprec Exp Acc Deprec *depreciates over economic life, straight-line Why do lesees structure its lease agreements in such a way that it reported operating leases, instead of capital leases, for financial reporting purposes (under ASC 840)? to keep lease assets and lease liabilities off the balance, which lowers the debt to ...

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5 pages

Written in 2023/2024

Grade A+

STANFORDGRADESS

what are the two categories of hybrid instruments we discussed? convertible bonds and bonds with warrants Why issue a hybrid instrument? It increases capital and lowers interest rates what is an example of company that we talked about in class that uses hybrid instruments a lot Tesla Under US GAAP from POV1 and chapter 15, how do companies issue convertible bonds? at issuance US companies issue convertible bonds as straight debt when do you recognize equity in convertible bonds? at con...

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3 pages

Written in 2023/2024

Grade A+

STANFORDGRADESS

ACC253 Financial accounting Chapter 24 - Full Disclosure in Financial Reporting ACC253 Financial accounting Chapter 24 - Full Disclosure in Financial Reporting ACC201 Financial Accounting Final Exam ACC201 Financial Accounting Final Exam FINANCIAL ACOOUNTING ACC291 EXAM Multiple Choice questions correct answers provided ACC422 FINAL EXAM (Multiples

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5 items

Bobflich

Accounting for Operating Leases under ASC 842 (Lessor) 1 Cash annual pmt amt Unearned Rev annual pmt amt 2 Unearned Rev annual pmt amt Lease Rev annual pmt amt Deprec Exp Acc Deprec *depreciates over economic life, straight-line Why do lesees structure its lease agreements in such a way that it reported operating leases, instead of capital leases, for financial reporting purposes (under ASC 840)? to keep lease assets and lease liabilities off the balance, which lowers the debt to ...

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5 pages

Written in 2023/2024

Grade A+

WIZGrades

Investment categories Debt securities (ex. bonds) and equity securities (ex. stocks and stock options) Types of debt securities Trading (buy to sell), available for sale (watching, in between), held to maturity (in it for long haul) Types of equity securities Trading, available for sale Valuation of trading debt securities Record at fair value, unrealized gains/losses reported as part of net income Valuation of available for sale debt securities Record at fair value, amortize if disc...

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5 pages

Written in 2023/2024

Grade A+

WIZGrades

what are the two categories of hybrid instruments we discussed? convertible bonds and bonds with warrants Why issue a hybrid instrument? It increases capital and lowers interest rates what is an example of company that we talked about in class that uses hybrid instruments a lot Tesla Under US GAAP from POV1 and chapter 15, how do companies issue convertible bonds? at issuance US companies issue convertible bonds as straight debt when do you recognize equity in convertible bonds? at con...

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3 pages

Written in 2023/2024

Grade A+

WIZGrades

ACC422 Exam Review Q&A

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4 pages

Written in 2023/2024

Grade A+

hurryben

Investment categories Debt securities (ex. bonds) and equity securities (ex. stocks and stock options) Types of debt securities Trading (buy to sell), available for sale (watching, in between), held to maturity (in it for long haul) Types of equity securities Trading, available for sale Valuation of trading debt securities Record at fair value, unrealized gains/losses reported as part of net income Valuation of available for sale debt securities Record at fair value, amortize if disc...

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5 pages

Written in 2023/2024

Grade A+

STANFORDGRADESS

ACC422 FINAL EXAM (Multiples Choices) ACC422 FINAL EXAM (Multiples Choices) 21. Which of the following is not considered cash for financial reporting purposes? a. Petty cash funds and change funds b. Money orders, certified checks, and personal checks c. Coin, currency, and available funds d. Postdated checks and I.O.U.'s 22. Which of the following is considered cash? a. Certificates of deposit (CDs) b. Money market checking accounts c. Money market savings certificates d. Post...

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7 pages

Written in 2022/2023

Grade A+

Bobflich