
Bonds
Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond.
Redemption of Bonds
The process of repaying the sale amount of bonds to bondholders at the time of maturity or before the maturity period is called as redemption of bonds. It is otherwise called as retirement of bonds.
To prepare: The

Want to see the full answer?
Check out a sample textbook solution
Chapter 10 Solutions
Financial Accounting
- ???arrow_forwardMCQarrow_forwardThe kitchen manager at Ruby Restaurant established portion control standards. Daily rice preparation shows 45kg cooked from 15kg raw, against standard yield of2.8kg cooked per 1kg raw. Kitchen supervisor needs to identify production efficiency. [5 points Financial Accounting]arrow_forward
- Do fast answer of this accounting questionsarrow_forwardProvide answerarrow_forwardA bakery business has variable expenses equal to 50% of sales and monthly fixed expenses of $150,000. The monthly target operating income is $50,000. What is the operating leverage factor at the target level of operating income?arrow_forward
- WHICH DEPARTMENT IS OFTEN RESPONSIBLE FOR THE DIRECT MATERIALS PRICE VARIANCE? A. THE PURCHASING DEPARTMENT B. THE ACCOUNTING DEPARTMENT C. THE BUDGETING DEPARTMENT D. THE FINANCE DEPARTMENT E. THE PRODUCTION DEPARTMENTarrow_forwardNeed step by step answerarrow_forward@ General Account Subjects Questionsarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education





