文稿教案第十章

ChapterTheNatureofDefinedDefinedasdebtsorobligationsarisingfrompasttransactionsMaturity=1yearor Maturity>1Current NoncurrentDistinctionBetweenDebtandTheacquisitionofassetsisfinancedfromtwoFundsfromcreditors,withdefiniteduedate,sometimesbearing FundsEvaluatingAnimportantindicatorof’sabilitymeetitscurrentTwocommonlyusedWorkingcapital=currentassets–Currentratio=currentassets÷currentLiabilities–DevonDevonMfg.hascurrentliabilities$230,000andcurrentassetsofWhatisDevon’scurrent=÷==÷$AccountsPayable(应付账款rsforpurchasesofmerchandisetoothersforgoodsands

UtilityphoneNotesWhen borrowsmoney,anotepayableisNotesOnNovember1,2005, wouldmakethefollowingDat DescriptionDebiCrediNov.Cas10,00NotePayabl10,00CurrentPortionoflongtermTheportionofalongtermdebtthatisduewithinoneyear,oroneoperatingcycle,whicheverislonger.•••••Interestexpenseisthecompensationtothelenderforgivinguptheuseofmoneyforaperiodoftime.TheliabilityiscalledinterestTothelender,interestisaTotheborrower,interestisanTheinterestformulaincludesthreevariablesthatmustbeconsideredwhenInterest=Principal×InterestRate×WhenWhencomputinginterestforoneyear,“Time”equalsWhenthecomputationperiodislessthanoneyear,then“Time”isafraction.Forexample,ifweneededtocomputeinterestformonths,“Time”wouldbeWhatentrywouldmakeonDecember31,thefiscalyear-DateDescriptionDebitCreditDateDescriptionDebitCredit200Date Description Debit CreditDate Description Debit CreditInterestPayableInterestExpenseDec.31$10,000$10,00012%2/12=GrossFederalInsuranceContributions

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Stateand

UnearnedCashissometimescollectedfromthecustomerbeforetherevenueactuallyAstheprocessiscompleted.CashCashrevenueisrevenueisaaliabilityRelativelyRelativelysmalldebtneedscanfilledfromsingle

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InstallmentInstallmentNotesLong-termnotesthatcallforaseriesofinstallmentEachpaymentcoversinterestEachpaymentcoversinterestfortheperiodANDaportionoftheprincipal.Witheachpayment,theinterestportiongetssmallerandtheprincipalportiongetslarger.AllocatingInstallmentPaymentsBetweenInterestandIdentifytheunpaidprincipalUnpaidPrincipal×Interestrate=Installmentpayment-InterestexpenseReductioninunpaidprincipalComputenewunpaidprincipalAllocatingInstallmentPaymentsBetweenInterestandOnJanuary1,Corp.borrowed$7,581.57fromFirstBankRiver Theloanwasafive-yearloanandhadaninterestrateofTheannualpaymentisPrepareanamortizationtableCorp.’sAllocatingInstallmentPaymentsBetweenInterestandReduction 1, Dec.31,$$ Dec.31,Dec.31,Dec.31,Dec.31,Now,Now,preparetheentryforthefirstpaymentonDecember31,AllocatingInstallmentPaymentsBetweenInterestandTheTheinformationneededforthejournalentrycanbefoundontheamortizationtable.Thepaymentamount,theinterestexpense,andtheamounttocredittoprincipalareallonthetable.Dat DescriptioDebiCrediDec.31InterestExpens758.16NotePayable1,241.84Cas2,000.00BondsPayable应付债Bondsusuallyinvolvetheborrowingofalargesumofmoney,calledTheprincipalisusuallypaidbackasalumpsumattheendoftheIndividualbondsareoftendenominatedwithaparvalue（票面值）orfacevalue（面值）,of$1,000.InterestInterest=Principal×StatedRate×BondsPayable应付债Bondsusuallycarryastatedrateofinterest,alsocalledacontractInterestisnormallypaidBondsPayable应付债••••BondsareissuedthroughanintermediarycalledBondscanbesoldonorganizedsecuritiesBondpricesareusuallyquotedasapercentageoftheface Forexample,a$1,000bondpricedat102wouldsellTypesof可提前赎

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无担保AccountingforBondsOnMarch1,2005,OnMarch1,2005,WellsCorp.issues$1millionof12%,20-yearbondspayable.Interestispayablesemiannually,eachMarch1andSeptember1.AssumethebondsareissuedatfaceRecordtheissuanceofthe bonds EveryEvery9.1,Wellsmustpay1,000,000*0.12/2=60,000toBondInterest EveryEvery12.31,WellsmustmakeanadjustingentrytorecordthefourBondInterest BondInterest OnOnMarch1,Wellsmustpay1,000,000*0.12/2=60,000toBondInterest BondInterest WhenWhenthebondsmature20yearslateronMarchBonds BondsissuedbetweeninterestOnMay1,2005,WellsCorp.issues$1millionof12%,20-yearbondspayable.Interestispayablesemiannually,eachMarch1andSeptember1. bonds bondsinterest 9.1,Wells9.1,Wellsmustpay60,000tobondsinterest BondInterest OnMarch1,2005,WellsCorp.issues$1millionof12%,20-yearbondspayabletoanunderwriteratapriceof97.Interestispayablesemiannually,eachMarch1andSeptember1. Discountonbonds bonds LongLongtermBonds Less:Discountonbonds Netcarryingvalueofbonds AmortizationoftheBondsinterest discountonbonds Bondsinterest bondinterest discountonbonds LongLongtermBonds Less:Discountonbonds Netcarryingvalueofbonds BondInterest BondInterest discountonbonds WhenWhenthebondsmature20yearslateronMarchBonds TheConceptofPresentValue（现值$1,000investedtodayat10%.

In5yearsitbe

In25yearswillbeFuture终Moneycangrowovertime,becauseitcanFuture终TheConceptofPresentHowHowmuchisafutureamountworthThreepiecesofinformationmustbeknowntosolveapresentvalueThefutureTheinterestrateThenumberofperiods(n)theamountwillbeThePresentValueConceptandBondThesellingpriceofthebondisdeterminedbythemarketbasedonthetimevaluePresentValuePresentValueofthePrincipal(asinglepayment)++PresentValueoftheInterestPayments(anannuity)=SellingPriceoftheBond

BondPrice

AccountingfortheDifferenceStated=MarketRate RateStated<Market

BondPriceBond

ParValueoftheBondParValue

ThereisnodifferencetoaccountThedifferenceisaccountedRate>StatedRate>

RateMarketRate

PriceBondPrice

oftheBondParValueoftheBond

forasabonddiscount.Thedifferenceisaccountedforasabondpremium.PurchasingPurchasingthebondsontheopenmarket.ExercisingaBondscanberetiredby..GainsGainsorlossesincurredasaresultofretiringbondsshouldbereportedasitems（非常项目）on eEstimatedliabilities,losscontingencies,andEvaluatingtheSafetyofCreditors’Debtratio =TotalLiabilities/totalInterestcoverageratioorTimesinterestearned = e/annualinterestLeasePaymentLessorLessorretainsrisksandbenefitsassociatedwith经营租Leaseagreementtransfersrisksandbenefitsassociatedwithownershiptolessee.Capital资