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Category > Business & Finance Posted 10 May 2017 My Price 3.00

Discount on bonds payable

 

(Classification) The following items are found in the financial statements.

(a) Discount on bonds payable.

(b) Interest expense (credit balance).

(c) Unamortized bond issue costs.

(d) Gain on repurchase of debt.

(e) Mortgage payable (payable in equal amounts over next 3 years).

(f) Debenture bonds payable (maturing in 5 years).

(g) Notes payable (due in 4 years).

(h) Premium on bonds payable.

(i) Treasury bonds.

(j) Bonds payable (due in 3 years).

Instructions

Indicate how each of these items should be classified in the financial statements.

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 10 May 2017 05:05 PM My Price 3.00

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file 1494437895-Answer.docx preview (205 words )
(-----------Cla-----------ssi-----------fic-----------ati-----------on)----------- Th-----------e f-----------oll-----------owi-----------ng -----------ite-----------ms -----------are----------- fo-----------und----------- in----------- th-----------e f-----------ina-----------nci-----------al -----------sta-----------tem-----------ent-----------s. ----------- (a-----------) D-----------isc-----------oun-----------t o-----------n b-----------ond-----------s p-----------aya-----------ble-----------. -----------(b)----------- In-----------ter-----------est----------- ex-----------pen-----------se -----------(cr-----------edi-----------t b-----------ala-----------nce-----------). ----------- (c-----------) U-----------nam-----------ort-----------ize-----------d b-----------ond----------- is-----------sue----------- co-----------sts-----------. -----------(d)----------- Ga-----------in -----------on -----------rep-----------urc-----------has-----------e o-----------f d-----------ebt-----------. -----------(e)----------- Mo-----------rtg-----------age----------- pa-----------yab-----------le -----------(pa-----------yab-----------le -----------in -----------equ-----------al -----------amo-----------unt-----------s o-----------ver----------- ne-----------xt -----------3 y-----------ear-----------s).----------- (-----------f) -----------Deb-----------ent-----------ure----------- bo-----------nds----------- pa-----------yab-----------le -----------(ma-----------tur-----------ing----------- in----------- 5 -----------yea-----------rs)-----------. -----------(g)----------- No-----------tes----------- pa-----------yab-----------le -----------(du-----------e i-----------n 4----------- ye-----------ars-----------). ----------- (h-----------) P-----------rem-----------ium----------- on----------- bo-----------nds----------- pa-----------yab-----------le.----------- (-----------i) -----------Tre-----------asu-----------ry -----------bon-----------ds.----------- (-----------j) -----------Bon-----------ds
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