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Which of contractual terms would lead a company

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Problem 1: Which of these items related to bonds would be added back in the Operating section of the SCF under the indirect method? (check all that apply)

Option 1: Loss on bond retirement

Option 2: Amortization of bond discount

Option 3: Gain on bond retirement

Option 4: Amortization of bond premium

Option 5: Unrealized loss on bonds under the fair value option

Problem 2: Which of these contractual terms would lead a company to account for a lease contract under the capital lease method? (check all that apply)

Option 1: None of these

Option 2: The lessee can buy the truck at its current market value at the end of the lease

Option 3: The present value of the lease payments is $89,000. The truck could be bought today for $100,000 cash.

Option 4: The lease runs for 2 years on a truck that is expected to have a 6 year life

Option 5: Ownership stays with the lessor at the end of the lease

Option 6: The IRS requires capital lease method for tax purposes for this contract

Reference no: EM132643182

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