Question : 131. Which of the following is/are true? A. Firms sometimes issue bonds with : 1245818

131. Which of the following is/are true? A. Firms sometimes issue bonds with stock warrants attached and allocate the amount received between the bonds and the warrants based on their respective fair values. B. When firms issue convertible bonds U.S. GAAP requires firms to allocate the full issue price to the bonds and none to the conversion feature. C. IFRS requires firms to allocate the issue price between the bonds and the conversion feature. D. Under IFRS, the firm allocates the issue price of bonds with terms similar to those issued but without the conversion feature to the bonds and the remainder of the issue price to the conversion option.E. all of the above

132. Which of the following is/are not true? A. Firms sometimes issue bonds with stock warrants attached and allocate the amount received between the bonds and the warrants based on their respective fair values. B. When firms issue convertible bonds U.S. GAAP requires firms to allocate the full issue price between the bonds and the conversion feature. C. IFRS requires firms to allocate the issue price between the bonds and the conversion feature. D. Under IFRS, the firm allocates the issue price of bonds with terms similar to those issued but without the conversion feature to the bonds and the remainder of the issue price to the conversion option.E. all of the above

133. Which of the following is/are not true? A. Firms sometimes issue bonds with stock warrants attached and allocate the amount received between the bonds and the warrants based on their respective fair values. B. When firms issue convertible bonds U.S. GAAP requires firms to allocate the full issue price to the bonds and none to the conversion feature. C. IFRS requires firms to allocate the full issue price to the bonds and none to the conversion feature. D. Under IFRS, the firm allocates the issue price of bonds with terms similar to those issued but without the conversion feature to the bonds and the remainder of the issue price to the conversion option.E. all of the above

134. Which of the following is not true concerning the FASB and the IASB conceptual frameworks? A. Both the FASB and the IASB rely on a conceptual framework to guide their standard-setting decisions.B. The conceptual framework is a rigorous set of principles from which standard setters can logically deduce appropriate financial reporting standards. C. The purpose of a conceptual framework is to guide standard-setting decisions in order to enhance the quality and consistency of those decisions. D. The FASB and the IASB have separately developed their conceptual frameworks, and those frameworks are similar. E. The two standard-setting bodies are currently working to develop a common conceptual framework for financial reporting.

135. Which of the following is not true concerning the FASB and the IASB conceptual frameworks? A. Both the FASB and the IASB rely on a conceptual framework to guide their standard-setting decisions.B. The conceptual framework is not a rigorous set of principles from which standard setters can logically deduce appropriate financial reporting standards. C. The purpose of a conceptual framework is to guide auditors’ decisions in order to enhance the quality and consistency of the audits. D. The FASB and the IASB have separately developed their conceptual frameworks, and those frameworks are similar. E. The two standard-setting bodies are currently working to develop a common conceptual framework for financial reporting.

136. Which of the following is not true concerning the FASB and the IASB conceptual frameworks? A. Both the FASB and the IASB rely on a conceptual framework to guide their standard-setting decisions.B. The conceptual framework is not a rigorous set of principles from which standard setters can logically deduce appropriate financial reporting standards. C. The purpose of a conceptual framework is to guide standard-setting decisions in order to enhance the quality and consistency of those decisions. D. The FASB and the IASB have separately developed their conceptual frameworks, and those frameworks are similar. E. The two standard-setting bodies are refusing to develop a common conceptual framework for financial reporting.

137. The FASB and IASB are working jointly to develop a revised, coordinated set of financial reporting objectives. They envision that the  A. primary user groups are present and potential providers of resources, including equity investors and creditors. B. users want information useful for making resource allocation decisions. C. users want information useful for making decisions about protecting and enhancing their investments. D. proposed reporting objectives would also specify that firms should prepare financial reports from the perspective of the reporting entity (entity perspective).E. all of the above

138. Which of the following is not true concerning the FASB and the IASB conceptual frameworks? A. Both the FASB and the IASB rely on a conceptual framework to guide their standard-setting decisions.B. The conceptual framework is not a rigorous set of principles from which standard setters can logically deduce appropriate financial reporting standards. C. The purpose of a conceptual framework is to guide standard-setting decisions in order to enhance the quality and consistency of those decisions. D. The FASB and the IASB have separately developed their conceptual frameworks, and those frameworks are very different. E. The two standard-setting bodies are currently working to develop a common conceptual framework for financial reporting.

139. Firms sometimes invest in the common stock of other entities in order to exert significant influence or control over the other entity. U.S. GAAP and IFRS assume that firms owning more than ______ can exert control, unless other information indicates the contrary. A. 20%B. 30%C. 40%D. 50%E. 60%

140. Firms sometimes invest in the common stock of other entities in order to exert significant influence or control over the other entity. U.S. GAAP and IFRS assume that firms owning between _____ of the voting stock of another entity can exert significant influence.   A. 10% and 40%B. 15% and 45%C. 20% and 50%D. 25% and 55%E. 30% and 60%