Search for the term $$Non$-$GAAP$$ and answer the following

What are non$-$GAAP measures?

How are non$-$GAAP financial measures used?

Identified four non$-$GAAP measures

Who regulates the use of non$-$GAAP measures in financial reporting?

$2.$ Analysis and Problem$-$Solving Skills

a$.$ A company issues $$15,000,000,7\mathrm{.}8\%,20-$year bonds to yield $8\%$ on January $1,2023.$ Interest

is paid on June $30$ and December $31.$ The proceeds from the bonds are $$14,703,108.$

$1.$ Prepare the Schedule of Bond Discount Amortization $($straight$-$line, three years only$)$

$2.$ Prepare the Schedule of Bond Discount Amortization $($effective interest method, three years

only$)$

$3.$ Present the journal entries for the first year $($effective interest only$)$

$4.$ How much will interest expense be recognized in $2023?($both methods$)$

b$.$ On January $1,$ Martinez Inc. issued $$6,000,000,11\%,10-$year bonds for $$6,390,000.$ The

market rate of interest for these bonds is $10\%.$ Interest is payable annually on December $31.$

$1.$ Prepare the Schedule of Bond Premium Amortization $($straight$-$line, three$-$year only$)$

$2.$ Prepare the Schedule of Bond Premium Amortization $($effective interest method, three years

only$)$

$3.$ Present the journal entries for the first year $($effective interest only$)$

$4.$ At the end of the first year, Martinez should report an unamortized bond premium of: $($both

methods$)$