1) When a business enterprise enters into what is referred to as off-balance-sheet financing, the company
a) is attempting to conceal the debt from shareholders by having no information about the debt included in the balance sheet.
b) wishes to confine all information related to the debt to the income statement and the statement of cash flow.
c) can enhance the quality of its financial position and perhaps permit credit to be obtained more readily and at less cost.
d) is in violation of generally accepted accounting principles.
i think this is C...

2) Long-term debt that matures within one year and is to be converted into stock should be reported
a) as a current liability
b) in a special section between liabilities and stockholders equity
c) as noncurrent
d) as noncurrent and accompanied with a note explaining the method to be used in its liquidation.
is this a??

3) note disclosures for long-term debt generally include all of the following except
a) assets pledged as security
b) call provisions and conversion privileges
c) restrictions imposed by the creditor
d) names of specific creditors..
i dont knwo this one..

please help me out.. this is just the practice... i have a big exam tom..

thanks