Match the Following Bond and Long-Term Liability Related Terms to the Appropriate

question 90

Multiple Choice

Match the following bond and long-term liability related terms to the appropriate definition.
-The process of transferring a portion of premium or discount to interest expense.This method transfers an amount resulting in a constant effective interest rate.

• A)Long-term liability
• B)Face value
• C)Debenture bonds
• D)Serial bonds
• E)Callable bonds
• F)Face rate of interest
• G)Market rate of interest
• H)Bond issue price
• I)Premium
• J)Discount
• K)Effective interest method of amortization
• L)Carrying value
• M)Gain or loss on redemption

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