Examlex
Match each definition with the correct term below.
a.
A security that represents money that a corporation borrows from the investing public.
b.
A long-term debt secured by real property.
c.
Bonds that are issued in the name of the bondholder.
d.
The method of bond amortization that uses a constant interest rate each period to amortize the bond premium or discount.
e.
Bonds that do not require periodic interest payments but instead promise to pay a fixed amount at the maturity date.
f.
The excess of the face value over the issue price of a bond.
g.
A contract that requires a company to pay benefits to its employees after they retire.
h.
The excess of the issue price over the face value of a bond.
i.
A liability or an asset that results from using different methods to calculate income taxes on the income statement and income tax liability on the income tax return.
j.
The method of bond amortization that equalizes amortization of a bond discount or premium for each interest period over the life of the bond.
-Deferred income taxes
Prepaid Expenses
Upfront costs incurred for items or services that are to be obtained in the upcoming time.
Accrued Expenses
Expenses that have been incurred but not yet paid, representing liabilities on the balance sheet.
Assets
Assets are resources controlled by a company as a result of past events and from which future economic benefits are expected to flow to the entity.
GAAP
Set of accounting standards and principles designed to ensure consistency, fairness, and transparency in financial reporting.
Q37: According to generally accepted accounting principles,most expenditures
Q53: Under a defined contribution pension plan,retirement benefits
Q59: The sale of treasury stock cannot result
Q79: Henry Corporation has 3,000 shares of $50
Q98: Start-up and organization costs include all of
Q104: If the market interest rate at the
Q108: The cost of treasury stock is deducted
Q117: A company receives $200 for a sale,of
Q188: Additions<br>A)Enlargements of a plant's physical layout.<br>B)A right
Q233: In the journal provided,prepare entries for the