ch. 10 notes - 10 - 1 Chapter 10 Objectives y Describe...

Info iconThis preview shows pages 1–12. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 10 - 1 Chapter 10 Objectives y Describe different types of current liabilities and how to account for them y How to account for bond issues and associated interest expense y Financial statement presentation and analysis 10 - 2 Current Liabilities y Definition y Types Notes Payable Sales Tax Payroll 10 - 3 10 - 4 10 - 5 10 - 6 10 - 7 Bonds Payable y Advantages y Disadvantages y Terminology Issuer of bond Bondholder Face value of bond Stated rate of interest Market rate of interest 10 - 8 Accounting for a Bond Issued at Face Value y Journal Entries At issue Interest Expense 10 - 9 Bond Issued at Less than Face Value y Why would this happen? y Discount on Bonds Payable Journal entry at issue Recording interest expense 10 - 10 Bond Issued at More than Face Value y Why would this happen? y Premium on Bonds Payable Journal entry at issue Recording interest expense 10 - 11 Bond Redemptions y Definition y Computation of Gain or Loss y Journal Entry 10 - 12 Financial Statement Presentation and Analysis y Financial statement presentation Current liabilities Long-term liabilities Current portion of long-term debt Bonds y Ratio Analysis Current ratio Debt to Assets Times Interest Earned ...
View Full Document

This note was uploaded on 04/07/2008 for the course ACCT 101 taught by Professor K during the Spring '08 term at Appalachian State.

Page1 / 12

ch. 10 notes - 10 - 1 Chapter 10 Objectives y Describe...

This preview shows document pages 1 - 12. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online