Examlex
An important theme of the business strategy section of the business plan is what makes the owner's company original in the eyes of its target customers.
Premium on Bonds Payable
The amount by which a bond's selling price exceeds its face value, reflecting higher-than-market interest rates.
Interest Payable
A liability account on a company's balance sheet representing the amount of interest expense that has been incurred but not yet paid as of the reporting date.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.
Effective Interest Method
An accounting practice used to allocate bond premiums or discounts over the life of the bond.
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