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