中央財經(jīng)大學會計專業(yè)英語教程-資料下載頁
2025-01-12 22:14本頁面
【正文】 ? Example: p 115 Early retirement of bonds payable ? Bonds are sometimes retired before the maturity date. ? Most bond issues contain a call provision, permitting the corporation to redeem the bonds by paying a specified price, usually a few points above par. ? Example: p 116117 Classification of bonds payable in a balance sheet ? Bonds payable generally are classified as longterm liabilities, even when the bonds are within one year of maturity for two reasons. ? If new bonds are issued, the maturing bond liability has been refinanced. ? Accrued interest payable on longterm bonds is regarded as a current liability. Commercial paper ? It describes very shortterm notes payable issued by financially strong corporations. ? It is similar to bonds payable in that is split a large loan into small units. ? It is regarded as a safer and more liquid investment are than stocks or bonds. Lease payment obligations ? A lease is a contract in which the lesser gives the lessee the right to use an asset for a specified period of time in exchange for periodic rental payments. ? Operating lease ? Capital lease ? In accounting for merchandise “sole” through capital lease, the lesser debits Lease Payments Receivable and credits Sales for an amount equal to the present value of these future lease payments. Deferred ine taxes ? A difference sometimes exists between the dates certain types of revenue or expense are recognized in financial statements and the dates these items are reported in ine tax retunes. ? Example: p 119 ? The recognition of ine in ine tax is postponed by those tax rules that enable taxpayers either to (1) delay the recognition of revenue, or (2) accelerate the recognition of expense. ? Ine Taxes Payable is a current liability representing the portion of the ine taxes expense that must be paid when the pany files its ine taxes returns for the current year. Deferred ine taxes
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