中央財(cái)經(jīng)大學(xué)會(huì)計(jì)專業(yè)英語(yǔ)教程(編輯修改稿)
2025-02-08 22:14 本頁(yè)面
【文章內(nèi)容簡(jiǎn)介】 iabilities, Loss Contingencies, and Commitment ? Estimated Liability ? Refers to liabilities which appear in financial statement as estimated amounts ? Example: p104 Loss contingencies ? Loss contingencies are similar to estimated liabilities, but may involve much more uncertainty. ? A loss contingencies is a the element of uncertaintyuncertainty to the amount of loss and , in some cases, uncertainty as to whether or not any loss actually will be incurred. Loss contingencies in financial statement ? Loss contingencies are recorded in the accounting records only when both of the following criteria are met: ? 1. it is probable tat a loss has been incurred, and ? 2. the amount of loss can be reasonably estimated. ? When these criteria are not met, loss contingencies still are disclosed in financial statements if there is a reasonable possibility that a material loss has been incurred, ? Commitments to future transactions are called mitments. : p107 on Commitment Bonds Payable What Are Bonds? ? The issuance of bonds payable is a technique for splitting very large loans into a great many transferable units, called bonds. ? Each bond represents a longterm, interestbearing notes payable. ? Bonds payable differ from capital stock in several ways. Transferability of Bonds ? The quality of liquidity is one of the most attractive features of an investment in corporate bonds. Types of Bonds ? Bonds secured by the pledge of specific assets are called mortgage bonds. ? An unsecured bond is called a debenture bonds. ? Bond interest: ? Is paid semiannually by mailing to each bondholder a check for six months’ interest on the bond he or she owns. Tax advantage from bond financing ? Interest payments are deductible in determining ine subject to corporate ine taxes. ? Example: p108 Accounting for Bonds payable ? Accounting for bonds payable closely pa
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