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sdas [7]
3 years ago
6

The accounting for bonds payable is:_______.

Business
1 answer:
sergejj [24]3 years ago
8 0

Answer:

a. essentially the same under IFRS and GAAP.

Explanation:

A bond is a fixed income instrument that represents the indebtedness of the borrower to the investor or creditor (bond issuer). They're basically loans that are given to large organizations or government.

This ultimately implies that, when an investor or creditor purchases a bond, an agreed amount of money is being borrowed to the issuer as a loan. Consequently, the bond issuer is expected to pay an interest with a return of principal at maturity to the holder (investor or creditor) of the bond.

Hence, bonds payable only arises when a company issues bonds so as to generate cash for its business and plans. Thus, the company is a borrower as the bond issuer while the holder of the bond is a debt-holder (investor or creditor). This further would mean that, the company becomes liable to the investor. Therefore, bonds payable should be recorded on the long-term liability side of the balance sheet being used by the company.

Bonds are issued at par or premium or discount and as such bond issuer records the face value of the bond as bonds payable.

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and financial accounting standards board (FASB).

The accounting for bonds payable is essentially the same under International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).

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When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the ________ of the inves
vekshin1

Answer:

Present value

Future value

Explanation:

Present value is the value of cashflows discounted at interest rate at arrive at its value today.

Future value is the value of cashflows discounted at interest rate at arrive at its value at some given time in the future.

I hope my answer helps you

8 0
3 years ago
Read 2 more answers
What is the difference between carriage forward and carriage paid?
USPshnik [31]

Answer: carriage forward means delivery is being laid by the buyer. Carriage paid means delivery is paid by the seller.

7 0
2 years ago
Discuss what sources of factual information would be most beneficial for the following areas of practice:
schepotkina [342]

Answer:

The answer is stated below:

Explanation:

Sources of the factual information in the following areas of the practice are as:

a.

A practice of family law need or require a records of the marriage or a divorce, visitations created by court, child custody agreement and records of the adoption. The clients of the practice could be asked for the information.

b.

This practice of law dealt with the study of how the directors, stakeholders, shareholders, employees and the consumers interact with each other and with the environment. Under this practice, it looks for the records of the bank transaction.

c.

This law practice would benefit or provide advantage from the records of the medical, any statement of witness, records of disability and the records for the equipment maintenance if required.

d.

Under this practice, the statements of banks, real estate listing, IRS records and credit agencies would be advantageous sources of the information.

e.

Under this practice, it involve the powers of attorney, deeds documents, mortgages, grants, transfers and wills which are pertaining to bankruptcy.

7 0
3 years ago
Which of the following characteristics describe Millennial employees, in general?
insens350 [35]

Answer:

B. Globally conscious.

Explanation:

Millenials are the generation of people born in the 80s and 2000s, and represent people who were born at a time when technology and the internet were strengthened, which caused a revolution in the form of social interactions around the world.

The internet revolutionized business, due to the speed in the exchange of information, it was possible for business to expand and integrate, which generated globalization, which is the interaction of businesses between countries in search of competitive and strategic advantages in the global market.

Therefore, it is correct to say that the generation of millennials are more globally aware employees, due to the fact that they have grown up in a cultural and social environment marked by the use of the internet and the availability of information, which makes them more aware about business. global interactions, multicultural interactions and more possibilities to understand the market and contribute to its development.

7 0
3 years ago
Transactions involving the purchase and sale of fixed assets would be considered _______ activities.
ohaa [14]
Transactions involving the purchase and sale of fixed assets would be considered INVESTING activities.
Investing activities refers to those activities carried out by the company which involve sales or purchases of fixed assets such as building and equipment.
4 0
3 years ago
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