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6 Cards in this Set
- Front
- Back
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Discount on Bond Payable
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A contra liability account that represents the difference between the face value and the carrying value of the bonds.
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Discount on Note Payable
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A contra liability account that represents the difference between the carrying value and the face value of the note; exists when the face value is greater than the carrying value.
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Paid-in Capital from Treasury Stock Transactions
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An account used to show the amount of additional capital generated from the reissue of treasury stock.
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Paid -in Capital in Excess of Par Value
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Accounts used to reflect the difference between the net assets received and the par value of the stock issued.
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Premium on Bond Payable
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An account that represents the difference between the face value and the carrying value of the bonds; exists when the face value is less than the carrying value.
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Stock Dividends Distributable
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An accounts credited on the date of declaration of a stock dividend to show the par value of the shares the corporation will issue on the date of distribution.
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