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6 Cards in this Set

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Discount on Bond Payable
A contra liability account that represents the difference between the face value and the carrying value of the bonds.
Discount on Note Payable
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.
Paid-in Capital from Treasury Stock Transactions
An account used to show the amount of additional capital generated from the reissue of treasury stock.
Paid -in Capital in Excess of Par Value
Accounts used to reflect the difference between the net assets received and the par value of the stock issued.
Premium on Bond Payable
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.
Stock Dividends Distributable
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.