中級财务会计英文版第九章课后题答案.doc

Chapter 14 Bonds and Long-Term Notes Questions for Review of Key Topics Question 14-1 Periodic interest is calculated as the effective interest rate times the amount of the debt outstanding during the period. This same principle applies to the flip side of the transaction, i.e., the creditor’s receivable or investment. The approach also is the same regardless of the specific form of the debt – that is, whether in the form of notes, bonds, leases, pensions, or other debt instruments. Question 14-2 Long-term liabilities are appropriately reported at their present values. The present