Acct final

A discount on Bonds payable account is shown on the balance sheet as

a contra liablity account that reduces the carrying value of the bonds

The current portion of long term debt would appear on the balance sheet as

current liability

If bonds were initially issued at a discount, the carrying value of the bond on the issuer's books will

decrease as the bonds approach the maturity date

total stockholder equity includes 50,000 of common stock

100,000

On july 1st the board of directors

100000 debit to retained earnings

Newell Inc

50,000

Grand torino

555,000

The premium on bonds payable account is shown on the balance sheet as

A reduction of an expense

Bolton Heating

Increase of 48000

Kaplan group

Intrest expense Discount Cash

When a corporation pays a previously declared cash dividend which of the following is true

Liabilities decrease

Bonds sell at a premium when

Market rate of intrest is less than the stated rate of intrest at the time of issue

When a corporation declares a cash dividend which of the following is true.

Stockholder equity decreases

A convertible bond

The bond holder can convert the bond into common stock at a future time.

Par value represents the:

arbitrary amount that establishes a minimum price for the stock when it is first issued

A long term liability would appear on the balance sheet as a

long term liability

Issued shares represent the

maximum number of shares that can be sold by the cooperation

Treasury shares represent the

number of previously issued shares that have been repurchased by the corporation.

Under the effective intrest method the cash paid on each intrest payment date will

remain constant regardless of the issuance price

Lakeview entertainment

stockholder equity inreases 15,000

When bonds are issued by a company the accounting entry shows an

Increase in assets and increase in liabilities