TAILIEUCHUNG - Lecture Principles of Accounting: A focus on analysis and interpretation (8th edition): Chapter 13 - Hillman, Kochanek, Barsky

Chapter 13 - Long-term liabilities. This chapter presents the following content: Bonds, classification of bonds, bonds compared to stock, financial leverage, why bonds sell at discount or premium, sales price of bond, issuance of bonds,. | Long-term Liabilities Bonds Written promise to pay a specific sum of money on a speciific future date Purchaser is bondholder Receives Bond certificate Classification of Bonds Registered - issued in name of holder Secured - assets pledged as security Debenture (unsecured) - based on general credit Serial - mature in installments Callable - corporation has option of retiring Bonds Compared to Stock Bondholders are creditors Bonds a liability Interest is fixed charge Interest is expense Interest tax deductible No voting Stockholders are owners Stock is equity Dividends not fixed charges Dividends not expense Dividends not tax deductible Voting Financial Leverage Borrowed money invested within business to earn a higher rate than borrowing cost When positive financial leverage occurs, use of bonds will produce higher EPS than financing same investment with stock Use of bonds will also produce higher amount available for reinvestment Bond Terms Face value The principal of the bond payable

• Kế toán - Kiểm toán
• Principles of accounting
• Accounting information
• Lecture Principles of Accounting
• Long term liabilities
• Financial leverage
• Bond terms
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting