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Question
match the items below by entering the appropriate code letter in the space provided.
A. Serial bonds
B. Debenture bonds
C. Bond indenture
D. Market interest rate
E. Discount on bonds payable
F. Current ratio
G. Straight-line method of amortization
H. Times interest earned ratio
I. Callable bonds
J. Maturity date
____ 1. Bonds subject to retirement at a stated dollar amount prior to maturity.
____ 2. A legal document that sets forth the terms of a bond issue.
____ 3. Bonds that mature in installments.
____ 4. A measure of a company’s short-term liquidity.
____ 5. The time that the final payment on a bond is due from the bond issuer.
____ 6. A measure of a company’s solvency.
____ 7. The rate investors demand for loaning funds to a corporation.
____ 8. Unsecured bonds issued against the general credit of the borrower.
____ 9. Occurs when the contractual rate of interest is less than the market rate of interest.
____ 10. Produces a periodic interest expense that is the same amount each interest period.
Answer
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