ch14 - CHAPTER 14 LONG-TERM LIABILITIES MULTIPLE...

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Intermediate Accounting: Reporting and Analysis
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Chapter TVMM / Exercise MM-7
Intermediate Accounting: Reporting and Analysis
Jones/Wahlen
Expert Verified
CHAPTER 14LONG-TERM LIABILITIESMULTIPLE CHOICE—ConceptualAnswerNo.Descriptiona1.Liability identification.a2.Bond terms.b3.Definition of "debenture bonds."d4.Interest rate of the bond indenture.d5.Rate of interest earned by the bondholders.b6.Premium and interest rates.a7.Interest and discount amortization.d8.Effective interest amortization method.d9.Impact of effective interest method.c10.Recording bonds issued between interest dates.d11.Bonds issued at other than an interest date.d12.Calculating the issue price of bonds.d13.Calculating the issue price of bonds.d14.Classification of bond issuance costs.c15.Bond issuance costs.b16.Classification of treasury bonds.d17.Early extinguishment of bonds payable.d18.Gain or loss on extinguishment of debt.d19.Valuation of note issued in noncash transaction.d20.Stated interest rate of note.c21.Accounting for discount on notes payable.d22.Off-balance-sheet financing.d23.Required bond disclosures.d24.Long-term debt disclosures.c25.Times interest earned ratio.c.26.Debt to total assets ratio.c*27.Modification of terms in debt restructure.d*28.Gain/loss on troubled debt restructuring.b*29.Gain/loss on troubled debt restructuring.b*30.Interest and troubled debt restructuring.c*31.Creditor's calculations for modification of terms.* This topic is dealt with in an Appendix to the chapter.
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Intermediate Accounting: Reporting and Analysis
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Chapter TVMM / Exercise MM-7
Intermediate Accounting: Reporting and Analysis
Jones/Wahlen
Expert Verified
Test Bank for Intermediate Accounting, Eleventh EditionMULTIPLE CHOICE—ComputationalAnswerNo.Descriptiona32.Calculate the present value of bond principal.
33.Calculate the present value of bond interest.
34.Determine the issue price of bonds.
35.Interest expense using effective interest method.
36.Interest expense using effective interest method.
37.Calculate gain on retirement of bonds.
38.Calculate gain on retirement of bonds.
39.Calculate loss on retirement of bonds.
40.Bond retirement with call premium.
41.Calculate loss on retirement of bonds.
42.Interest on noninterest-bearing note.
43.Interest on installment note payable.
44.Determine balance of discount on notes payable.
45.Calculate times interest earned ratio.
Interest and troubled debt restructuring.MULTIPLE CHOICE—CPA AdaptedAnswerNo.Descriptiona

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