5/21/08 CHAPTER 10 Long Term Liabilities Bonds Payable Capital Leases Notes Payable Pensions Post retirement benefits Deferred taxes Bonds Payable: On issuance: Dr. Cash XXX Cr. Bonds Payable XXX to record issuance of Bonds Payable On payment o
5/22/08 CHAPTER 11 OWNERS' EQUITY Advantages of Financing with Stock: 1. Flexibility: Dividends on stock can be increased in profitable years and reduced when the company is less profitable. Debt interest is fixed. (Advantage for issuing company) 2.
5/13/08 CHAPTER II - Exercise Questions: Costs of goods sold Expense Income Statement Subscription fees earned Revenue Income Statement Accounts Payable Current Liability Balance Sheet Accounts Receivable Current Asset Balance Sheet Prepaid I
5/20/08 CHAPTER 8 - Operating Assets: Property, Plant, and Equipment Acquisition Cost of Property, Plant, and Equipment Acquisition Cost: The amount that includes all of the cost normally necessary to acquire an asset and prepare it for its intended