Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
13 Cards in this Set
- Front
- Back
|
Issuance of bonds @premium |
|
|
|
Issuance of bonds on interest date - straight line method |
|
|
|
Issuance of bonds between interest dates |
|
|
|
2 ways to record the interest "to be paid" when bonds are issued between interest dates |
1) cr. Interest expense (preferable) 2) cr. Interest payable |
|
|
Amortisation of interest on a discounted bonds payable |
Discount increases interest expense |
|
|
Amortisation of interest on a premium bonds payable |
Premium decreases your interest expense |
|
|
Under periodic inventory, Adjusting entries under nature of expense method |
Dr. Invty end Cr. Inc summary |
|
|
Under perodic inventorg adjusting entries under function method |
Dr. Invty end Purch rer/allow/discts Cost of Sales Cr. Purchases Beg invty |
|
|
Recording a provision |
|
|
|
Expiration of remaining share warrants outstanding in a bonds payable issued w/ sh. Warrants |
|
|
|
whe bargain purchase option isno exercised |
|
|
|
recording changes in contingent consideration in business combinations |
|
|
|
when share options as compensation to employees are not exercised and entity instead pays the employee some cash before vesting period even ends |
settled up to the fair value of share options already recognised as compensation expense, and excess is treated as an expense |
