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Chapters 1-4 The Accounting Cycle
Chapters 5-8 Current Assets
Chapters 9-11 Long-Term Assets
Chapters 12-14 Liabilities/Equities
Chapters 15-16 Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20 Managerial/Cost
Chapters 21-24 Budgeting/Decisions

Chapter 13 - Fill in the Blanks

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Chapter 13 – Fill in the Blanks

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Question 1 of 10

1. Question
Under ____________, an equal amount of discount is allocated to each interest period, whereas, under the ____________ method of amortization, interest expense is calculated as a constant percentage of the bond carrying value.
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Question 2 of 10

2. Question
Although one can readily determine the present value factors for a lump sum via tables or computers, an equally simple method is to just divide “1” by ____________ , where “n” is the number of periods and “i” is the interest rate per period.
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Question 3 of 10

3. Question
An ____________ is a series of equal cash flows.
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Question 4 of 10

4. Question
The provisions of a bond issue are normally stipulated in an accompanying document called a ____________.
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Question 5 of 10

5. Question
In contrast to secured bonds, ____________ have no assets pledged as security.
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Question 6 of 10

6. Question
A fund that is set aside to provide for the eventual repayment of bonds at maturity is known as a ____________.
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Question 7 of 10

7. Question
The set amount to be repaid on a bond’s maturity date is known as ____________, whereas, the bond payable amount less any unamortized discount or plus any unamortized premium is known as ____________.
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Question 8 of 10

8. Question
Premium amortization causes interest expense to ____________.
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Question 9 of 10

9. Question
Ratio analysis of indebtedness provides clues about the financial strength of an entity, but the user of the financial statements should look to the notes to determine additional information about other ____________ and ____________.
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Question 10 of 10

10. Question
For bonds issued between interest dates, the issuer will receive accrued interest on the ____________ date, and repay this interest on the next ____________ date.
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Illustrative Entries

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Account Types

Typical financial statement accounts with debit/credit rules and disclosure conventions

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Includes financial and managerial terms

Time Value of Money

Future and present value tables

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Chapters 1-4
Chapters 5-8
Chapters 9-11
Chapters 12-14
Chapters 15-16
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20
Chapters 21-24
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