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

question 62

Multiple Choice

Match the following bond and long-term liability related terms to the appropriate definition.
-The excess of the face value of bonds over the issue price.It occurs when the market rate on the bonds exceeds the face 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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