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Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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EXERCISE 10-14

Purpose: (L.O. 1 thru 11) This exercise will quiz you about terminology used in this chapter.

Bearer (coupon) bonds Long-term liabilities
Bond certificate Market interest rate
Bond indenture Mortgage bond
Bonds Mortgage note payable
Callable bonds Notes payable
Contractual interest rate Premium (on a bond)
Convertible bonds Registered bonds
Current liabilities Secured bonds
Current ratio Serial bonds
Debenture bonds Sinking fund bonds
Debt to total assets ratio **Straight-line method of amortization
Discount (on a bond) Term bonds
*Effective-interest method Times interest earned ratio
of amortization Unsecured bonds
*Effective-interest rate Working capital
Face value (par value)

Instructions

For each item below, enter in the blank the term that is described.

  1. ____________________________________ Obligations expected to be paid more than one year in the future.
  2. ____________________________________ Bonds not registered.
  3. ____________________________________ A form of interest bearing notes payable issued by corporations, universities, and governmental entities.
  4. ____________________________________ Bonds issued in the name of the owner.
  5. ____________________________________ Bonds that are subject to call and retirement at a stated dollar amount prior to maturity at the option of the issuer.
  6. ____________________________________ Bonds that permit bondholders to convert them into common stock at their option.
  7. ____________________________________ ...

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