FinMan10e_ATest_ch12

FinMan10e_ATest_ch12 - 10th Edition FINANCIAL&...

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Unformatted text preview: 10th Edition FINANCIAL & MANAGERIAL ACCOUNTING CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 12A Score % Name Course Section NOTE: Each of the 40 correct answers is assigned a weight of 2½%. A TEST 12A (Concluded) FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—35% INSTRUCTIONS: Answer each of the following questions or complete each of the following statements by writing the appropriate words or amounts in the Answers column. For Scoring QUESTIONS/STATEMENTS Answers 0. A bond that gives a bondholder a claim on particular assets in the event that the issuing corporation fails to meet its obligations on the bonds is called a(n) .................................................................................................. secured bond 0. ____ .................................................................................................................... ................................................................................................................... .................................................................................................................... ................................................................................................................... .................................................................................................................... 1. When the contract rate of interest on bonds is lower than the market rate of interest, the bonds sell at a(n) ............................................................... .................................................................................................................... 1. ____ 2–3. A firm redeemed bonds at 103. The bonds have a face value of TEST 12A (Concluded) $1,000,000, unamortized discount of $15,000, and accrued interest of $20,000....
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FinMan10e_ATest_ch12 - 10th Edition FINANCIAL&...

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