Financial Accounting

Card Set Information

Author:
Anonymous
ID:
206645
Filename:
Financial Accounting
Updated:
2013-03-12 02:41:41
Tags:
accounting
Folders:

Description:
accounting
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user Anonymous on FreezingBlue Flashcards. What would you like to do?


  1. par value
    principal / face value of a bond
  2. premium
    bond issued at a price above its par value
  3. discount
    bond issued at a price below its par value
  4. issuing bonds payable at a discount
    credit Bonds Payable by par value

    debit Cash by sale prrice, and debit Discount on Bonds Payable (totals par value)
  5. interest payment for bond
    principal * rate * time

    (should remain constant every period)
  6. Interest Expense
    preceding bond carrying amount * market rate
  7. Discount Amortization
    Interest Expense - Interest Payment
  8. Premium Amortization
    Interest Payment - Interest Expense
  9. Discount / Premium Account Balance
    Preceding Discount/Premium Account Balance - Discount/Premium Amortization
  10. Bond Carrying Amount
    Par Value - Discount/Premium Account Balance
  11. Present Value


    or Future Value x result in table

What would you like to do?

Home > Flashcards > Print Preview