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FinMan10e_ABSol_ch12 - 2 contract rate 3 premium 4 Interest...

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ACHIEVEMENT TEST SOLUTIONS—CHAPTER 12 TEST 12A Fill-in-the-Blank Principles and Terminology 1. discount 2. loss 3. $45,000 4. indenture 5. income statement 6. balance sheet 7. balance sheet 8. installment note 9. $11,182 10. $60,000 11. $3,769 12. $0 13. $4,900,000 14. callable Problem 1 Analysis of Transactions Debit Credit 1. B, D 2. A 3. G, L 4. B 5. B 6. A, L 7. G 8. B, D 9. B 10. A, L 11. G, L 12. B Problem 2 Balance Sheet Classification 1. B 2. E 3. B 4. G 5. B 6. G 7. G 8. A TEST 12B Fill-in-the-Blank Principles and Terminology 1. $9,346
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Unformatted text preview: 2. contract rate 3. premium 4. Interest Expense 5. Discount on Bonds Payable 6. $7,312 7. gain 8. carrying value of the bonds 9. loss 10. $9,000 11. callable 12. $720,000 13. $1,015,000 14. creditors or bondholders Problem 1 Analysis of Transactions Debit Credit 1. C 2. B, K 3. G, K 4. C 5. C, D 6. B 7. G 8. C, D 9. B, J 10. C, D 11. B 12. C Problem 2 Balance Sheet Classification 1. G 2. G 3. B 4. G 5. A 6. H 7. B 8. G...
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