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Question and answer
Q: Retained Earnings Appropriated for Bond Retirement appears as a separate line item (Points : 5) on the Income Statement. on the Balance Sheet. on the Bond Interest
Reconciliation Schedule. on the Statement of Cash Flows.
A: The answer is on the Statement of Cash Flows.
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Original conversation
User: The entry to record the issuance of bonds at face value includes (Points : 5) a credit to Bond Interest Payable. a credit to Bond Payable. a debit to Bond Interest Expense. a debit to Bond Interest Payable.

User: Retained Earnings Appropriated for Bond Retirement appears as a separate line item (Points : 5) on the Income Statement. on the Balance Sheet. on the Bond Interest Reconciliation Schedule. on the Statement of Cash Flows.

Weegy: The answer is on the Statement of Cash Flows.
rhey22787|Points 1476|

User: A corporation paid $104,000 to retire bonds with a face value of $100,000 and an unamortized premium balance of $3,000. The entry to record the early retirement of the bonds will include the recognition of a loss of (Points : 5) $7,000. $4,000. $1,000. $3,000.

Weegy: the answer is $1,000
alfred123|Points 1311|

User: Which of the following is not a disadvantage of raising capital through the issue of bonds payable? (Points : 5) the bonds are classified as a long-term liability interest must be paid even if the firm suffers a loss the face amount must be repaid at maturity interest is deductible for income tax purposes

Weegy: interest is deductible for income tax purposes.
johnjohnwiki|Points 0|

User: Retained earnings are often appropriated while the bonds are outstanding. Which of the following is a reason for the appropriation? (Points : 5) Corporation management wants to protect the bondholders. The bond contract or the board of directors requires it. Tax law requires it. The buyers require it.

Weegy: Sir/Madam, THe answer is "The bond contract or the board of directors requires it."
beboythewizkid|Points 2048|

User: If market interest rates are higher than the rate offered on the bonds being sold, they will be sold at (Points : 5) a premium. a discount. face value. a loss.

User: When bonds mature, a corporation will pay the bondholders (Points : 5) the current market value of the bonds. the face amount plus the original premium or minus the original discount. the face amount plus the interest accrued since the date the bonds were issued. the face amount of the bonds

Weegy: When bonds mature, a corporation will pay the bondholders b) the face amount plus the original premium or minus the original discount.
OxTornado007|Points 6459|

User: When the issuing corporation has the right to require the owners to surrender the bonds for payment before the maturity date of the bonds, the bonds are referred to as (Points : 5) serial bonds. convertible bonds. registered bonds. callable bonds.

Weegy: issuing corporation has the right to require the owners to surrender the bonds for payment before the maturity date of the bonds, [ the bonds are referred to as A. serial bonds. [ [ ] ]
Elcrabb|Points 150|

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Asked 12/22/2012 10:41:22 PM
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