財務(wù)會計概念與應(yīng)用英文版lectu(3)-展示頁
2025-01-15 21:28本頁面
【正文】 99, 10 Mortgage Amortization Interest Principal Balance Payment (Balance X Interest Rate) (Payment – Interest) 100, 1 99, 2 99, 3 99, 4 99, 5 99, 6 99, Recording the payment for month 5: Interest Expense . . . . . . . . . . . . . . . . . . . . . Mortgage Payable . . . . . . . . . . . . . . . . . . . . Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Leases ? Capital leases – Asset and obligation reported on the balance sheet are the present value of the future lease payments. – Yearly interest expense based off of remaining lease liability balance (like mortgage amortization). Leased equipment for $10,000 a year, discounted at 14%: Leased Equipment . . . . . . . . . . . . . . . . . . . 52,161 Lease Liability. . . . . . . . . . . . . . . . . . . . 52,161 Record interest expense and first $10,000 payment: Interest Expense . . . . . . . . . . . . . . . . . . . . . 7,303 Lease Liability . . . . . . . . . . . . . . . . . . . . . . . 2,697 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000 (Interest expense = 52,161 X = 7,303) 12 Bonds ? Bond – A contract between the borrowing pany (issuer) and the lender (investor) in which the borrower promises to pay a specified amount of interest at the end of each period for which the bond is outstanding. The principal is then paid back at maturity. ? Debentures – Bonds that have no underlying assets pledged as collateral. ? Secured bonds – Bonds that have assets pledged as protection for lenders. ? Registered bonds – The issuing pany keeps a record of the names of bondholders. Those registered bondholders are paid interest. ? Coupon bonds – The issuing pany has no record of the bondholders. Current bondholders redeem coupons for interest payments. 13 More Bond Terms ? Term bonds – Bonds that mature in one single sum on a future specified date. ? Serial bonds – Bonds that mature in a series of installments. ? Callable bonds – Bonds that can be redeemed any time at a specified price. ? Convertible bonds – Bonds that can be converted to other securities (. preferred stock or mon stock) at the option of the bond holder. ? Zero coupon bonds – Bonds issued with no promise of payment. ? Junk bonds – Highrisk bonds issued by a pan
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