為了幫助各位參加2015年USCPA考試的考生更好地備考與復(fù)習(xí)，高頓網(wǎng)校小編在此特為大家整理了USCPA模擬試題，你答對了嗎？
　　Which of the following is generally associated with the terms of convertible debt securities?
　　a. A noncallable feature.
　　b. A feature to subordinate the security to nonconvertible debt.
　　c. An initial conversion price that is less than the market value of the common stock at time of issuance.
　　d. An interest rate that is lower than nonconvertible debt.
　　Explanation
　　Choice "d" is correct. The interest rate on convertible debt is generally lower than nonconvertible debt because of the value of the conversion feature.
　　Choice "c" is incorrect. The conversion price is generally greater than the market value of the common stock at the time of issuance.
　　Choice "a" is incorrect. This is not a typical feature of convertible debt securities.
　　Choice "b" is incorrect. Convertible debt is not typically subordinate to nonconvertible debt.
　　對自學(xué)的考生來說，聽輔導(dǎo)課是必不可少的，在網(wǎng)課老師的指導(dǎo)下，學(xué)員自己去精讀鉆研，才能加深對會計知識的理解，牢固掌握應(yīng)考知識。體驗免費課程>>