SO7 A measure of a company ' s liquidity . ____ 2 . SO7 A measure of a company ' s long-term solvency . ____ 3 .
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____ 1. (SO7)

A measure of a company’s liquidity. ____ 2. (SO7) A measure of a company’s long-term solvency. ____ 3. (SO7) Intentional effort by a company to structure its financing arrangements so as to avoid

showing liabilities on its books. ____ 4. (SO5) Occurs when the contractual interest rate of a bond is lower than the market interest rate. ____ 5. (SO4) Rate used to determine the amount of interest the borrower pays and the investor receives. ____ 6. (SO10) A type of long-term note payable that pledges title to specific assets as security for the loan. ____ 7. (SO7) Events with uncertain outcomes. ____ 8. (SO4) The rate investors demand for loaning funds to the corporation. ____ 9. (SO4) Amount of principal due at a bond’s maturity date. ____ 10. (SO5) Bond payable less its discounts or plus its premium. a.It is a debt that can be paid from existing current assets. b.It is a debt that can be paid through the creation of other current liabilities. c.It must be paid within one year or the operating cycle, whichever is longer. d.All of the above are criteria for the classification of a liability as current.
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