Fundamental Accounting Principles -Hardcover
Fundamental Accounting Principles -Hardcover
22nd Edition
ISBN: 9780077862275
Author: John J Wild, Ken Shaw Accounting Professor, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
Question
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Chapter 14, Problem 5BTN

1)

To determine

Introduction:

Long term liabilities

  • Long term liabilities of a company are the monetary obligations required to be fulfilled by a company over a duration exceeding a period of one year. They comprise of Bonds Payable, Long term loans, Notes payable etc.

  • Long term liabilities are valued at the face value of the liability and any difference between the face value or par value and the actual value payable of the long term liabilities are recorded in separate discount or premium accounts as applicable

  • Bonds and Notes payable are long term negotiable instruments of debt issued by corporate entities to secure funds and fund either long term capital expenditure or similar long term investment opportunities.

  • Bonds and Notes payable are accompanied by periodic interest payments. They are issued at par, at premium or at a discount. Bonds when issued at a discount represent a loss to the company since the repayment value is more than the value of the Bonds borrowed.

To Determine:

Home Depot’s Long term liabilities and their amounts as on February 2, 2014.

2)

To determine

Introduction:

Long term liabilities

  • Long term liabilities of a company are the monetary obligations required to be fulfilled by a company over a duration exceeding a period of one year. They comprise of Bonds Payable, Long term loans, Notes payable etc.

  • Long term liabilities are valued at the face value of the liability and any difference between the face value or par value and the actual value payable of the long term liabilities are recorded in separate discount or premium accounts as applicable

  • Bonds and Notes payable are long term negotiable instruments of debt issued by corporate entities to secure funds and fund either long term capital expenditure or similar long term investment opportunities.

  • Bonds and Notes payable are accompanied by periodic interest payments. They are issued at par, at premium or at a discount. Bonds when issued at a discount represent a loss to the company since the repayment value is more than the value of the Bonds borrowed.

To Determine:

  1. Why home Depot would issue Notes of $3 Billion for only $2.958 Billion
  2. Interest payable on these Notes every June 16 and December 16

Blurred answer

Chapter 14 Solutions

Fundamental Accounting Principles -Hardcover

Ch. 14 - Prob. 11DQCh. 14 - Prob. 12DQCh. 14 - Prob. 13DQCh. 14 - Prob. 14DQCh. 14 - Prob. 15DQCh. 14 - Prob. 16DQCh. 14 - Prob. 17DQCh. 14 - Prob. 18DQCh. 14 - Prob. 19DQCh. 14 - Prob. 20DQCh. 14 - Prob. 1QSCh. 14 - Prob. 2QSCh. 14 - Prob. 3QSCh. 14 - Prob. 4QSCh. 14 - Prob. 5QSCh. 14 - Prob. 6QSCh. 14 - Prob. 7QSCh. 14 - Prob. 8QSCh. 14 - Prob. 9QSCh. 14 - Prob. 10QSCh. 14 - Prob. 11QSCh. 14 - Prob. 12QSCh. 14 - Prob. 13QSCh. 14 - Prob. 14QSCh. 14 - Prob. 15QSCh. 14 - Prob. 16QSCh. 14 - Prob. 17QSCh. 14 - Prob. 18QSCh. 14 - Prob. 19QSCh. 14 - Prob. 20QSCh. 14 - Prob. 1ECh. 14 - Prob. 2ECh. 14 - Prob. 3ECh. 14 - Prob. 4ECh. 14 - Prob. 5ECh. 14 - Prob. 6ECh. 14 - Exercise 14*7 Straight-Line: Amortization of bond...Ch. 14 - Prob. 8ECh. 14 - Prob. 9ECh. 14 - Prob. 10ECh. 14 - Prob. 11ECh. 14 - Prob. 12ECh. 14 - Prob. 13ECh. 14 - Prob. 14ECh. 14 - Prob. 15ECh. 14 - Prob. 16ECh. 14 - Prob. 17ECh. 14 - Prob. 18ECh. 14 - Prob. 19ECh. 14 - Prob. 20ECh. 14 - Prob. 1APSACh. 14 - Prob. 2APSACh. 14 - Prob. 3APSACh. 14 - Prob. 4APSACh. 14 - Prob. 5APSACh. 14 - Prob. 6APSACh. 14 - Prob. 7APSACh. 14 - Prob. 8APSACh. 14 - Prob. 9APSACh. 14 - Prob. 10APSACh. 14 - Prob. 11APSACh. 14 - Prob. 1BPSBCh. 14 - Prob. 2BPSBCh. 14 - Prob. 3BPSBCh. 14 - Prob. 4BPSBCh. 14 - Prob. 5BPSBCh. 14 - Prob. 6BPSBCh. 14 - Prob. 7BPSBCh. 14 - Prob. 8BPSBCh. 14 - Prob. 9BPSBCh. 14 - Prob. 10BPSBCh. 14 - Problem 14-11EC Capital lease accounting C3 Braun...Ch. 14 - Prob. 14SPCh. 14 - Prob. 1BTNCh. 14 - Prob. 2BTNCh. 14 - Prob. 3BTNCh. 14 - Prob. 4BTNCh. 14 - Prob. 5BTNCh. 14 - Prob. 6BTNCh. 14 - Prob. 7BTNCh. 14 - Prob. 8BTNCh. 14 - Samsung (w ww.Sanisung.com). Apple, and Google are...
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