Accounting Test 3

Flashcard

Learn Mode Icon

Learn Mode

Match

Library

Create

Flashcards

Flashcards

Library

Match (Coming Soon)

Finance - Personal Finance

andrsonztdc Created by 10 mon ago

Cards in this deck(8)

Blur Image

Blur Image

Principal payments that must be made during the upcoming 12 months on long-term debt

Blur Image

Possible liability that will arise but are contingent on certain future events

Blur Image

Stated, issue, and market rate

Blur Image

Used to determine the cash payments

Blur Image

Market rate on the date of issuance that the accountants use to determine the initial issue amount - Determines interest expense and carrying value - Will not change

Blur Image

What the bond currently trades for on the market as of the balance sheet date

Blur Image

Ask Our AI Tutor

Get Instant Help with Your Questions

Need help understanding a concept or solving a problem? Type your question below, and our AI tutor will provide a personalized answer in real-time!

How it works

Ask any academic question, and our AI tutor will respond instantly with explanations, solutions, or examples.

Get Started

Browse questions and discover topic-based flashcards
Practice with engaging flashcards designed for each subject
Strengthen memory with concise, effective learning tools

Discover By Topic