Accounting for Long-Term Debt
In this chapter you should learn to:1. Show how the amortization of long-term notes affects financial statements. |
|
|
|
2. Show how a line of credit affects financial statements. |
|
|
|
3. Describe the different types of bonds that companies issue. |
|
|
|
4. Explain why bonds are issued at face value, a discount, or a premium. |
|
|
|
5. Show how bond liabilities and their related interest costs affect financial statements. |
|
|
|
6. Explain how to account for bonds and their related interest costs. |
|
|
|
7. Explain the advantages and disadvantages of debt financing. |
|
|
|
8. Explain the time value of money. (Appendix) |