$1.$ What are long term liabilities? Give three examples.

a$.$

$$ i$.$ What is a bond?

$1.$

$2.$ Contrast these types of bonds: $($A$)$ Secured and unsecured. $($B$)$ Convertible and callable.

a$.$

$3.$ Describe the two major obligations a company incurs when it issues bonds.

a$.$

$4.$ Assume that Acorn Inc. sold bonds with a face value of $$100,000$ for $$104,000.$ Was the market interest rate equal to$,$ less than, or greater than the bonds$$ contractual interest rate? Explain.

a$.$

$5.$ If a $6\%,10-$year, $$800,000$ bond is issued at face value and interest is paid annually, what is the amount of the interest payment at the end of the first period?

a$.$

$6.$ In general, what are the requirements for the financial statement presentation of long$-$term liabilities?

a$.$

$$ i$.$ What ratios may be computer to evaluate a company$$s liquidity and solvency?

$1.$