Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond. The issue price of the bond as per IFRS.

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Answer 1

Question

Chapter 14, Problem 14.15E

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond.

The issue price of the bond as per IFRS.

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower down the book amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue as per IFRS.

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue.

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording conversion of bond at the end of third year as on January 1, 2025.

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Answer 2

Question

Chapter 14, Problem 14.15E

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond.

The issue price of the bond as per IFRS.

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower down the book amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue as per IFRS.

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue.

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording conversion of bond at the end of third year as on January 1, 2025.

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Answer 3

Question

Chapter 14, Problem 14.15E

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond.

The issue price of the bond as per IFRS.

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower down the book amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue as per IFRS.

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue.

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording conversion of bond at the end of third year as on January 1, 2025.

Expert Solution & Answer

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Answer 4

Question

Chapter 14, Problem 14.15E

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond.

The issue price of the bond as per IFRS.

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower down the book amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue as per IFRS.

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue.

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording conversion of bond at the end of third year as on January 1, 2025.

Expert Solution & Answer

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Answer 5

Chapter 14, Problem 14.15E

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond.

The issue price of the bond as per IFRS.

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower down the book amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue as per IFRS.

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue.

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording conversion of bond at the end of third year as on January 1, 2025.

Answer 6

Chapter 14, Problem 14.15E

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond.

The issue price of the bond as per IFRS.

Answer 7

Chapter 14, Problem 14.15E

a.

To determine

Concept Introduction:

Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond.

The issue price of the bond as per IFRS.

Answer 8

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower down the book amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue as per IFRS.

Answer 9

b.

To determine

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower down the book amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue as per IFRS.

Answer 10

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue.

Answer 11

c.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording the required entries on the date of issue.

Answer 12

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording conversion of bond at the end of third year as on January 1, 2025.

Answer 13

d.

To determine

Concept Introduction:

Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.

To prepare: The journal for recording conversion of bond at the end of third year as on January 1, 2025.

Answer 14

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Answer 15

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Answer 16

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Answer 17

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Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond. The issue price of the bond as per IFRS.

Concept Introduction: Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond. The issue price of the bond as per IFRS.

Concept Introduction: Amortization: Amortization refers to the method of accounting which lower down the book amount or book value of any loan or any intangible asset over the time period. To prepare: The amortization table for the bond issue as per IFRS.

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Chapter 14 Solutions

Concept Introduction:

Bond: Bond refers to a debt instrument or a debt security which has longer period for maturity with some component of interest or return to be received on the amount paid on bond.

The issue price of the bond as per IFRS.

Concept Introduction:

Amortization: Amortization refers to the method of accounting which lower down the book amount or book value of any loan or any intangible asset over the time period.

To prepare: The amortization table for the bond issue as per IFRS.