out flow of 55000coupon不是应该是operating cl吗，这样才有分析师的比较，overstate,understate,在IFRS里可以是cfo,cff确定吗
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No.PZ2016012101000194 (选择题)
来源: 原版书
On 1 January 2010, Elegant Fragrances Company issues £1,000,000 face value, five-year bonds with annual interest payments of £55,000 to be paid each 31 December. The market interest rate is 6.0 percent. Using the effective interest rate method of amortisation, Elegant Fragrances is most likely to record:
您的回答, 正确答案是: B
A
an interest expense of £55,000 on its 2010 income statement.
B
正确a liability of £982,674 on the 31 December 2010 balance sheet.
C
a £58,736 cash outflow from operating activity on the 2010 statement of cash flows.
数据统计(全部)
做对次数: 3154
做错次数: 1867
正确率: 62.82%
数据统计(个人)
做对次数: 1
做错次数: 0
正确率: 100.00%
解析
B is correct.
The bonds will be issued at a discount because the market interest rate is higher than the stated rate. Discounting the future payments to their present value indicates that at the time of issue, the company will record £978,938 as both a liability and a cash inflow from financing activities. Interest expense in 2010 is £58,736 (£978,938 times 6.0 percent). During the year, the company will pay cash of £55,000 related to the interest payment, but interest expense on the income statement will also reflect £3,736 related to amortization of the initial discount (£58,736 interest expense less the £55,000 interest payment). Thus, the value of the liability at 31 December 2010 will reflect the initial value (£978,938) plus the amortized discount (£3,736), for a total of £982,674. The cash outflow of £55,000 may be presented as either an operating or financing activity under IFRS.
