Review Test Submission: Mid-term Exam
*ACC 220 LN1 - Intermediate Accounting I - 2016SU
6/22/16 8:11 PM
6/22/16 10:02 PM
1. Complete the bond interest expense and premium amortization schedule below by filling in the shaded cells.
Use the straight line method.
An asterisk (*) will appear before an incorrect amount in specific cells. Round your answers to two dec
ACC 221 LN1 Fall 2016
Suggested Study Schedule - CH 13 TVM
Study TVM section of textbook
Work TVM practice assignments for TVM
Study additional notes on TVM on Blackboard
Amortization of Investments in Bonds (Premium) (Effective Interest Method)(p 13-8)
Cash (FV x SR% x T)
Investment in Held-to-Maturity Debt Securities (difference)
Interest Income (CV x MR% x T)
Amortization of Investments in Bonds (Pre
Notes on using the TI BA II Plus calculator:
You will be using the line on the TI BA II Plus calculator that has these keys:
PV PMT FV
To solve for one unknown, you will have to have 3 known values.
is the number of periods interest will be compou
Please discuss the difference in Equity Securities and Debt Securities.
Minimum of 100 words.
Equity Securities: are stock sold by a firm on a stock exchange. These shares of equity held by
shareholders of a firm represent o
Investments and Long-Term Receivables
ANSWERS TO GOT IT?
Companies purchase securities of other corporations for a number of different
reasons. One reason is to obtain additional income by investing excess cash. This
income may come in the