ACG-2021 Lecture Notes - Lecture 10: Operating Lease, Payroll Tax, Accounts Payable

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10 Apr 2017
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Current liabilities: what is a current liability, two key features, 1. Company expects to pay the debt from existing current assets or through the creation of other current liabilities: 2. Company debits cash, and credits a current liability account (unearned revenue: 2. When the company earns the revenue, it debits the unearned. Bond: long-term liabilities: bonds are a form of interest-bearing notes payable issued by corporations, universities, and governmental agencies, sold in small denominations, when a corporation issues bonds, it is borrowing money. The person who buys the bonds is investing in bonds because they pay interest: types of bonds, secured, unsecured, convertible, callable. The dollar amounts to be received in exchange for holding the bond: 2. The length of time until the amounts are received: 3. The market rate of interest: the process of finding the present value is referred to as discounting the. Accounting for bond issues future amounts: a corporation records bond transactions when it.

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