5) Convertible bonds
6) Paige Co. took advantage of market conditions to refund debt. This was the fourth refunding operation carried out by Paige within the last three years. The excess of the carrying amount of the old debt over the amount paid to extinguish it should be reported as a
7) Under the effective-interest method of bond discount or premium amortization, the periodic interest expense is equal to
8) When a business enterprise enters into what is referred to as offbalance-sheet financing, the company
9) When the interest payment dates of a bond are May 1 and November 1, and a bond issue is sold on June 1, the amount of cash received by the issuer will be
10) On October 1, 2014 Macklin Corporation issued 5 %, 10-year bonds with a face value of $ 4,000,000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis.
11) Which of the following taxes does not represent a common employee payroll deduction?
12) Which of the following is an example of a contingent liability?