ist the major weakness of reporting of long term bonds payable on the balance sheet in subsequent years after their initial issuance? Explain.
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List the major weakness of reporting of long term bonds payable on the
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- A debit to Discount on Bonds Payable would most likely be possible on which of the situations? issuance of bonds increase in the carrying amount of bonds record of interest expense which is lower than the amount paid early retirement of bondsExplain the impact of a decline in interest rates on the present value of existing bonds.A debit to Premium on Bonds Payable would least likely be possible on which of the situations? record of interest expense which is lower than the amount paid amortization of a bond premium early retirement of bonds increase in the carrying amount of bonds
- Explain the impact of a decline in interest rates on the prices of existing bonds.Explain the concept of accrued interest on bonds at the end of an accounting period.Which of the following is false? A) Interest expense reported in the income statement equals the stated interest rate times the face value of debt outstanding during the period B) Most corporate bonds pay interest semiannually or annually C) Cash interest expense equals the coupon rate times the face value of debt outstanding during the period D) Interest expense reported in the income statement equals the market interest rate at issuance times the carrying value of the debt during the period O A O B O D
- What is the effective interest rate of a bond or other debt instrument measured at amortized cost? Select the correct response: The interest rate currently charged by the entity or by others for similar debt instruments (i.e., similar remaining maturity, cash flow pattern, currency, credit risk, collateral, and interest basis). The interest rate that exactly discounts estimated future cash payments or receipts through the expected life of the debt instrument or, when appropriate, a shorter period to the net carrying amount of the instrument. The basic, risk-free interest rate that is derived from observable government bond prices The stated coupon rate of the debt instrument.Which of the following does not impact the calculation ofthe cash interest payments to be made to bondholders?a. Face value of the bond.b. Stated interest rate.c. Market interest rate.d. The length of time between payments.Short-term debt expected to be refinanced may be classified as long-term if off-statement of financial position financing is to be obtained after the statement of financial position date but before the issue date of the financial statements. TRUE or FALSE
- Briefly describe the differences between inflation and Deflation. Briefly describe what Municipal Bonds are as compared to General Obligation Bonds.When determining the amount of interest to be paid on a bond, which of the following information is not necessary? a. The length of the interest period, annually or semiannually b. The face rate of interest on the bonds c. The face amount of the bonds d. The selling price of the bondsWhich of the following statements regarding bonds is true? Group of answer choices a. Bonds are liabilities of the issuer. b. Individuals investing in bonds receive dividends. c. Bonds cannot be purchased or sold prior to maturity. d. Income from bonds varies every year. e. The principal invested in bonds is not returned at the time of maturity.
