After you have mastered the material in this chapter you will be able to:
After you have mastered the material in this chapter, you will be able to: |
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Show how the amortization of long-term notes affects financial statements. |
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Show how a line of credit affects financial statements. |
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Describe the different types of bonds that companies issue. |
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Show how bond liabilities and their related interest costs affect financial statements. |
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Explain how to account for bonds and their related interest costs. |
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Explain why bonds are issued at face value, a discount, or a premium. |
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Explain the advantages and disadvantages of debt financing. |
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Explain the time value of money. (Appendix) |