Question : 65.              The cash payments made during the fifth year of : 1370075

 

 

65.              The cash payments made during the fifth year of a 10-year interest bearing note would be reported on the statement of cash flows in the:

A)both b and c are correct

B)operating activities section

C)investing activities section

D)financing activities section

 

66.              The total cash payments made in the year of maturity relative to an interest bearing note would be reported on the statement of cash flows in the:

A)operating activities section

B)investing activities section

C)financing activities section

D)both a and c are correct

 

 

67.              When the market rate of interest on the date bonds are issued is higher than the face rate of interest on the bonds:

A)the proceeds from the issuance of the bonds will be greater than the face value of the bonds

B)the bonds are issued at a premium

C)the bonds are issued at a discount

D)both a and c are correct

 

 

68.              When the market rate of interest on the date bonds are issued is lower than the face rate of interest on the bonds:

A)the proceeds from the issuance of the bonds will be less than the face value of the bonds

B)the bonds are issued at a premium

C)the bonds are issued at a discount

D)both a and c are correct

 

 

69.              The journal entry to record the interest payment of a bond payable issued at a discount would include a:

A)debit to Discount on Bonds Payable

B)debit to Interest Expense

C)credit to Bonds Payable

D)debit to Cash

 

 

70.              Bonds are issued at a discount when the:

A)proceeds from the issuance of the bonds are smaller than the face value of the bonds

B)market rate of interest is higher than the face rate of interest on the bonds

C)face rate of interest on the bonds is equal to the market rate of interest

D)both a and b are correct

 

71.              The amortization of a discount on bonds payable:

A)decreases the carrying value of the bonds

B)increases the amount of interest expense recorded for the bonds

C)decreases the amount of interest expense recorded for the bonds

D)has no effect on the amount of interest expense recorded for the bonds

 

 

72.              On the maturity date of bonds issued at a discount:

A)the Discount on Bonds Payable account has been fully amortized

B)the amount of the liability is equal to the face value of the bonds

C)the carrying value of the bonds is less than face value

D)both a and b are correct

 

 

73.              The amortization of a discount on bonds payable:

A)has no effect on the cash payments for interest reported in the operating activities section of the statement of cash flows

B)decreases the cash payments for interest reported in the operating activities section of the statement of cash flows

C)increases the cash payments for interest reported in the operating activities section of the statement of cash flows

D)is reported in the financing activities section of the statement of cash flows

 

74.              When the face rate of interest is higher than the market rate of interest on the date bonds are issued:

A)the proceeds from the issuance of the bonds are less than the face value of the bonds

B)the bonds are issued at a premium

C)the bonds are issued at a discount

D)both a and c are correct

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more