会计英语第七章复习.pptx

Chapter 7;;Special Terms;Defining Liabilities;What is a Liability?;;Who to pay?;Current Liabilities;Current Liabilities of Known Amount;Accounts Payable;A written promise to pay a specified amount on a definite future date within one year or the company’s operating cycle, whichever is longer.;Example P73;Contingent liabilities;Interest payable is non-current liabilities. Notes payable include commercial acceptance draft and bank acceptance draft. When the note is dishonored, the book balance of notes payable should be converted to short-term loans. Advances from customers are also current liabilities until the goods are delivered. ;;;;Choice;;7.2 Long-term liabilities ;Bonds do not affect stockholder control.;Bonds require payment of both periodic interest and par value at maturity.;. . .an investment firm called an underwriter 承销商. The underwriter sells the bonds to. . .;Bond Certificate at Par Value票面价值;;;Valuation of Bonds – Discount and Premium;Interest Rates Stated, coupon, or nominal rate = The interest rate written in the terms of the bond indenture. Market rate or effective yield 实际收入 = rate that provides an acceptable return on an investment commensurate with the issuer’s risk characteristics. Rate of interest actually earned by the bondholders.;How do you calculate the amount of interest that is actually paid to the bondholder each period实际支付利息? (Face Value of the bond x Stated rate)票面价值*票面利率 How do you calculate the amount of interest that is actually recorded as interest expense by the issuer of the bonds利息费用? (Market rate x Carrying Value of the bond)市场利率*账面价值;;Illustration Three year bonds are issued at face value of $100,000 on Jan. 1, 2007, with a stated interest rate of 8%. Interest paid annually on Dec. 31. Calculate the issue price of the bonds, market interest rate of 8%.;Illustration Three year bonds are issued at face value of $100,000 on Jan. 1, 2007, a stated interest rate of 8%, and market rate of 8%. ;Illustration Stated rate = 8