Bond Amortization Actual Questions With Correct Detailed Answers.
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Course
AMORTIZATION
Institution
AMORTIZATION
Premium (straight-line) - correct answer Bond carrying value is adjusted downward to par and its amortized premium downward to zero
(carrying value - amortized bond premium= par)
Unamortized Bond Premium/Discount - correct answer ...
Bond Amortization
Premium (straight-line) - correct answer Bond carrying value is adjusted downward
to par and its amortized premium downward to zero
(carrying value - amortized bond premium= par)
Unamortized Bond Premium/Discount - correct answer Total bond
premium/discount - its accumulated amortization
Premium Bond Carrying Value - correct answer = bond par value + unamortized
bond premium
Discount Bond Carrying Value - correct answer = bond par value - its unamortized
bond discount
Effective Interest Table - correct answer Semiannual Interest Period-End, Cash
Interest Paid, Bond Interest Expense, Discount or Premium Amortization, Unamortized Discount or
Premium, Carrying Value
Cash Interest Paid - correct answer Par Value * semiannual Contract Rate
Bond Interest Expense - correct answer Prior period's Carrying Value * semiannual
Market Rate
Discount or Premium Amortization - correct answer Difference between interest
paid and bond interest expense
Unamortized Discount or Premium - correct answer Prior period's Unamortized -
current period's Amortization
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