【正文】 aired? Yes　　b）What is the recoverable amount of the equipment?　　Carrying value=20 million　　FV less costs to sell=18million　　PV of the expected future cash flows=600/（1+5%）+550/（1+5%）2+ 400/（1+5%）3+ 320/（1+5%）4 + 180/（1+5%）5 =　　The recoverable amount=.　　Provision for the impairment of the fixed assets =20million–=. 　　Dr：Impairment loss 1,800,000　　　　Cr：Provision for the impairment of asset 1,800,000第七講　負債 Liabilities　　 n. 負債　　Definition: a present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.　　Present obligation 現(xiàn)在的義務(wù)　　Past events 由過去的交易或事項引起的　　Outflow from the entity of resources embodying economic benefits 經(jīng)濟利益的付出　　Probable （contingent liabilities或有負債） 可能的　　Measurable 可以計量的　　: current liabilities and noncurrent liabilities　　Current liabilities 流動負債—accounts payable應(yīng)付賬款, current notes payable應(yīng)付票據(jù), dividends payable應(yīng)付股利, advance from customers預(yù)收賬款　　Noncurrent 長期負債—longterm loan長期借款, bonds payable 應(yīng)付債券　　 of liabilities:　　Current liabilities: at face value 以面值計量　　NonCurrent liabilities: at net present value （NPV） 凈現(xiàn)值　　 examples illustration　　Lecture examples1:　　On Jan. 5, X pany bought office furniture from Y pany for $15,000 on credit and agree to pay the amount by the end of June. X pany cannot pay its $15,000 account with Y pany on time. As an acmodation, on July 1, Y pany agree to accept X pany’s 3 months note with the face value of $15,000 at the rate of 5%. 　　Please do necessary accounting entries for X pany.　　[答疑編號811070101]　　January 5　Dr：Fixed assets—office furniture 15,000 固定資產(chǎn)　　　　　　　　　 Cr：Account payable　　　　　　　　15,000 應(yīng)付賬款　　July 1　　 Dr：Account payable—Y pany　　 15,000 應(yīng)付賬款　　　　　　　　　 Cr：Notes payable　　　　　　　　　15,000 應(yīng)付票據(jù)　　Interest: $15,000 5% =$750　　July 31/August 31/Sept. 30　　　　　　　 Dr：Interest expense　　750 利息支出　　　　　　　　　 Cr：Interest payable　750 應(yīng)付利息　　October 1　Dr：Notes payable　15,000 應(yīng)付票據(jù)　　　　　　　 Interest payable　2,250 應(yīng)付利息　　　　　　　　　 Cr：Bank deposit　17,250 銀行存款　　Lecture example 2:　　On March 1, Lucky Travel Agency Company received $5000 advance payment from ABC pany for its employee training tour. By the end of March, $3000 has been earned by Lucky Travel Agency Company y by provide tour guide service. Make the journal entry for Lucky Travel Company.　　[答疑編號811070102]　　March 1.　Dr：Cash　5,000 現(xiàn)金　　　　　　　　　Cr：Advance from customer　5,000 預(yù)付貨款　　March 31　Dr：Advance from customer　3,000 預(yù)付貨款　　　　　　　　　Cr：Service revenue　　　　3,000 主營業(yè)務(wù)收入　　Lecture example 3:　　The board of director of Thomason tele pany declared a annual dividend of $ per share on 10,000 shares of mon stock on Nov. 20. Cash dividends will be paid on Dec. 20. Make the journal entry for the pany. 　　[答疑編號811070103]　　Nov. 20　Dr：Cash dividends　　　　15,000 現(xiàn)金股利　　　　　　　　 Cr：Dividends payable　　 15,000 應(yīng)付股利　　Dec. 20　Dr：Dividends payable　　 15,000 應(yīng)付股利　　　　　　　　 Cr：Cash　　　　　　　　　15,000 現(xiàn)金　　 requirements for Debentures 債券的會計處理　　Bonds/Debentures　　bond n. 債券　national bond 國家公債　　debenture n. 債券　　Face value/par value 面值 　　Face rate/coupon rate 債券利率　　Market rate 市場利率　　Issuing of Bond　　Issued at the face value （par value） 平價發(fā)行　　at a premium above the face value 溢價發(fā)行（face rate market fate）　　at a discount on the face value 折價發(fā)行 （face rate market fate）　　Lecture example — Issue of bonds at Par Value 平價發(fā)行債券: 　　Lake pany issues bonds on Jan 1, 2007, with a face value of $500,000 to be paid in 10 years and a 8% coupon rate of interest payable semiannually. （effective rate 4%, n=20）　　[答疑編號811070104]　　Dr：Cash　　　　　　　500,000　　　　Cr：Bonds payable 　　500,000　　Dr：Interest expense　20,000　　　　Cr：Cash　　　　　　　20,000 （每次支付利息時做此分錄）　　Dr：Bond　　　500,000　　　　Cr：Cash　　　500,000 （收回債券，返還票面金額）　　Lecture example — bond issued at a premium 溢價發(fā)行債券：　　Lake pany issues bonds on Jan 1, 2007, with a face value of $500,000 to be paid in 10 years at a 8% coupon rate of interest payable semiannually. The market interest is 6% when the bonds issued. （effective rate 3%, n=20）　　[答疑編號811070105]　　Present value of principal repayment=277,000　　Present value of interest payments=294,540　　Present value of future cash flows=574,540　　Premium =574,540500,000=74,540　　Dr：Cash　　　　　　　　　　574,540　　　　Cr：Bonds （par value） 　　500,000　　　　　　Premium on bonds　　　　74,540　　Dr：Interest expense　　　　17,236　　　　Premium on bonds　　　　 2,764　　　　Cr：Cash　　　　　　　　　　20,000　　Dr：Interest expense　　　　17,153　　　　Premium on bonds　　　　 2,846　　　　Cr：Cash　　　　　　　　　　20,000　　Lecture example 2— bond issued at a discount 折價發(fā)行債券　　Lake pany issues bonds on Jan 1, 2007, with a face value of $500,000 to be paid in 10 years and a 8% coupon rate of interest payable semiannually. The market interest is 10% when the bonds issued. （effective rate 5%, n=20）　　[答疑編號811070106]　　Present value of principal repayment=188,500　　Present value of interest payments=249,240　　Present value of future cash flows = 473,740　　Discount =500,000－473,740=26,260　　Dr：Cash at bank　　　437,740　　　　Discount on bonds　26,260　　　　Cr：Bonds payable　　　500,000　　Dr：Interest expense　　21,887　　　　Cr：Discount on bonds　1,887　　　　　　Cash　　　　　　　20,000　　Dr：Interest expense　　21,981　　　　Cr：Discount on bonds　 1,981　　　　　　Cash　　　　　　　 20,000第八講　所有者權(quán)益 Owner’s equity　　’s equity 所有者權(quán)益　　equity n. 股東的權(quán)益〔拼寫上注意與equal（平等的，相等的）相區(qū)別〕　　owners’equity=Assetsliabilities　　shareholders’equity，就是股東權(quán)益　　share 一份　　shareholder 股東　　stock 存貨，也表示股票的意思　　stockholder 股東　　 of shareholders 股東的權(quán)利　　voting rights 選舉權(quán)　vote n. v. 投票，表決　　, each share represents one vote.　　　　Shares without voting rights 無表決權(quán)的股票　　Dividends right 股利分配權(quán)　　Declare dividend 宣布股利　　Pay dividend 支付股利　　Claim rights on liquidation 清算參與權(quán)　　Liquidation 　　residual claim　　residual 殘余的，剩余的　　priority claim 優(yōu)先權(quán)　　Preemptive rights 優(yōu)先購股權(quán)　　 of owners’equity 所有者權(quán)益的構(gòu)成　　實收資本：Paidin capital/paidup cap