Question
1) In computing key ratios for bond ratings, which of the following adjustments does STANDARD & POORS not make? (only 1 correct answer) A) Include
1)
In computing key ratios for bond ratings, which of the following adjustments does STANDARD & POORS not make? (only 1 correct answer)
| A) Include amount for operating lease debt equivalent to long-term debt | ||
| B) Include interest income in EBIT | ||
| C) Include equity earnings in EBIT | ||
| D) Subtract capitalized interest from gross interest expense. |
2)
About non-GAAP earnings which of the following is true? (only 1 correct answer)
| A) Firms should mention GAAP earnings before non-GAAP earnings in earnings announcements | ||
| B) Auditors have to certify non-GAAP earnings. | ||
| C) Firms can not mention non-GAAP earnings in earnings announcements | ||
| D) Non-GAAP earnings cover gaps that exist in financial statements. |
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Cost Accounting A Decision Emphasis
Authors: Germain B. Boer, William L. Ferrara, Debra C. Jeter
4th Edition
0873939123, 978-0873939126
