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FAR > Bond Accounting Principles > Flashcards

Bond Accounting Principles Flashcards

1
Q

What are unsecured bonds called?

A

-Debenture bonds

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2
Q

How are bond prices always quoted?

A

-Exclusive of any accrued interest

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3
Q

What is the bond payable account always measured at?

A

-Face value. Discount and premium accounts are contra or adjunct accounts

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