中级会计学知识.pptVIP

Installment Notes On January 2, 2011, Matrix Inc. leased an equipment (fair value is 2,500,000, useful life is 5 years) for 3 years. 900,000 lease expenses to be paid on December 31, each year. The market rate of interest is 8%. Prepare the required journal entries for Matrix Inc. 2,319,390 / 2,500,000 = Called: financing lease 融资租赁 Equipment_ financing lease 2,319,390 Discount on payable 380,610 long-term payable (长期应付款) 2,700,000 Cash 100,000,000 Discount on Convertible bonds payable 11,671,800 Convertible bonds payable 100,000,000 contributed surplus (资本公积) 11,671,800 88,328,200*9%= 7,949,538 100,000,000*6%=6,000,000 Interest expense 7,949,538 Discount on Convertible bonds payable 1,949,538 Interest payable 6,000,000 Troubled debt restructuring 债务重组 troubled debt restructuring: When changing the original terms of a debt agreement is motivated by financial difficulties experienced by the debtor. Troubled debt restructuring A troubled debt restructuring may be achieved in either of two ways: 1. The debt may be settled at the time of the restructuring. 2. The debt may be continued, but with modified terms. Debt Is Settled 清偿债务 The payment to settle a debt in a troubled debt restructuring might be cash, or a non-cash asset, or even shares of the debtor’s stock. Debt Is Settled Eagle Boats agrees to settle Matrix Inc. $30 million debt in exchange for property having a fair value of $20 million. The carrying amount of the property on Matrix’s books is $17 million: ($ in millions) Land ($20 million minus $17 million) ..................... 3 Gain on disposition of assets ......................................... 3 Account payable (carrying amount) ............................ 30 Gain on troubled debt restructuring(营业外收入_债务重组利得) 10 Land (fair value) .......