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FAR > Bonds > Flashcards

Bonds Flashcards

1
Q

Interest Expense

A

Market Rate x Carrying Value

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2
Q

Price of Bond

A

PV of future payments + PV of the face value

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3
Q

JE for bond selling at discount

A

CASH PV (selling Price) of bond
Discount on bonds payable Difference (Plug)
Bonds Payable Face Value of Bond

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4
Q

PV (selling price) of Bond

A

PV of Principle: FV x PV of Int (PV of single amount)
+ PV of the interest payments (payment x PV of ordinary annuity)

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5
Q

JE for Discount Amortization

A

Interest Expense CVxMR
Discount on Bonds Payable Difference (Plug)
Cash Cash Paid

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6
Q

JE for bond selling at premium

A

Cash PV (selling Price) of bond
Premium on bonds payable Difference (Plug)
Bonds Payable Face Value of Bond

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7
Q

JE for Premium Amortization

A

Interest Expense CVxMR
Premium on Bonds Payable Difference (Plug)
Cash Cash Paid

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8
Q

Carrying Value of Discounted Bond

A

Face Value - Unamortized Discount

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9
Q

Carrying Value of Premium Bond

A

Face Value + Unamortized Premium

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FAR (7 decks)

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