Exam #3 Review

Failure to accrue interest expense at year end will (Int Exp & Int Pay):

Liabilities are initially recorded at:

If bonds are issued at a discount, this means that, at issuance: 

I am planning to be a ____ major (only answer if you did not choose Accting, Finance or Mktg)

Carrying value of $950 on 10%, $1000 MV bonds, issued to yield 12%, if interest paid on 12/31:

If $1000 MV bonds are issued at a premium of $100, then the CV on the balance sheet is: 

The CV of bonds initially issued at a discount, will gradually ____ over its life. 

Fin Acctg was NOT so bad

Carrying value of $950 on 10%, $1000 MV bonds, issued to yield 12%, interest paid/year is:

I plan to be the following major:

Interest to be paid periodically on a bond is based upon which rate? 

If market rate = 8% & stated rate = 10%, the cash received from a bond issuance will be: 

To record a contingent liability on the B/S, the loss must at least be:

Shares of stock that are currently traded in the market are called: 

At Dec 31, 2014, a note payable is to be paid $3/year each Dec 31 for 4 years + interest:

Stockholders Equity beg = 300, end = 325, NI i= 40, no dividends declared; TS purchased was?

What is working capital?

Calculate simple interest to accrue on Dec 31 on a $100 loan, interest rate 8%, issued Oct 1:

What is working capital?

If beginning Stockholders Equity was $100, ending was $120 & NI was $30, dividends declared =

EPS for a company with NI of $100, 50 issued shares, 40 outstanding & 10 treasury shares is:

If bonds are issued at par: 

Interest expense incurred but not yet paid will: