1. Where is the current portion of notes payable reported on the balance sheet? 2. What is an amortization schedule? 3. What is a mortgage payable? 4. What is a bond payable? 5. What is the difference between the stated interest rate and the market interest rate? 6. When does a discount on bonds payable occur? 7. When does a premium on bonds payable occur? 8. When a bond is issued, what is its present value? 9. Wliy would a company choose to issue bonds instead of issuing stock? 10. What is the carrying amount of a bond? 11. In regard to a bond discount or premium, what is the straight-line amortization method? 12. What type of account is Discount on Bonds Payable? What is its normal balance? Is it added to or subtracted from the Bonds Payable account to determine the carrying amount? 13. What type of account is Premium on Bonds Payable? What is its normal balance? Is it added to or subtracted from the Bonds Payable account to determine the carrying amount? 14. What is the journal entry to retire bonds at maturity? 15. What does it mean when a company calls a bond? 16. What are the two categories of liabilities reported on the balance sheet? Provide examples of each. 17. What does the debt to equity ratio show, and how is it calculated? 18A. Explain each of the key factors that the time value of money depends on. 19A. What is an annuity? 20A. How does compound interest differ from simple interest? 21B. In regard to a bond discount or premium, what is the effective- interest amortization method?