Course Outline
Join PRO

Bonds Payable(Word Scramble)

Author:
Harold Averkamp, CPA, MBA

To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Bonds Payable (Explanation).

1. Bond __________ usually occurs every six months.

INTEREST NTISRETE
INTEREST ETITRNES

2. A bond's principal comes due on the bond's ____________ date.

MATURITY TIMTYAUR
MATURITY TRYUATIM

3. A bond is reported on the issuer's balance sheet as a __________.

LIABILITY BAILIYILT
LIABILITY BIAYITLLI

4. A bond that is not secured by property.

DEBENTURE TDEEREBNU
DEBENTURE UDBENEETR

5. If a bond is issued for less than its face value, ________ on Bonds Payable is recorded.

DISCOUNT TONDISCU
DISCOUNT OIDTSCNU

6. If a bond is issued for more than its face value, ___________ on Bonds Payable is recorded.

PREMIUM IRUPEMM
PREMIUM MEURPMI

7. The market interest rate and the yield-to-maturity should be the same as the __________ interest rate.

EFFECTIVE EECFIEVTF
EFFECTIVE EITFCEFVE

8. A bond __________ fund is an asset restricted for the retirement of bonds.

SINKING IKNINGS
SINKING NSKIING

9. Bonds maturing on a single date are referred to as _______ bonds.

TERM ETRM
TERM TRME

10. The _________________ of the premium on bonds payable will reduce interest expense.

AMORTIZATION IATOINATZRMO
AMORTIZATION OTINRIOAZTAM

11. The legal document that provides details about a bond.

INDENTURE NDNTUEERI
INDENTURE TNDUREENI

12. Interest on bonds is usually paid __________________.

SEMIANNUALLY MNUINEALAYLS
SEMIANNUALLY LNIANSAEMYLU

13. Bondholders' claims will come ahead of the claims of ___________________ if a corporation is liquidated.

STOCKHOLDERS SEDOKTRSCHOL
STOCKHOLDERS SKOSRLHEDOCT

14. If bonds are sold between interest dates, the buyer will pay the seller any _________ interest.

ACCRUED DCCAREU
ACCRUED RDAUCEC

15. A bond sinking fund is reported in this section of the balance sheet.

INVESTMENTS VMNSITSTNEE
INVESTMENTS STNMIESTNEV

16. The amortization of _________ on Bonds Payable will result in more bond interest expense than the cash amount of interest paid.

DISCOUNT UITNSCOD
DISCOUNT ONSIDTUC

17. __________ on Bonds Payable will cause the carrying value of the bonds to be greater than the face value.

PREMIUM MPUMERI
PREMIUM ERMMUIP

18. In present value terms, a bond's interest payments form an ordinary __________.

ANNUITY UNTNIYA
ANNUITY IUNNYAT

19. Most bonds are __________ by the issuing corporation at a price specified in the bond's indenture.

CALLABLE LLBALACE
CALLABLE LELLACBA

20. When the amount of amortization of discount or premium on bonds payable is the same amount each year, it is referred to as ______________-line amortization.

STRAIGHT ATTGSRIH
STRAIGHT IATTSHGR
Must-Watch Video

Learn How to Advance Your Accounting and Bookkeeping Career

  • Perform better at your current job
  • Refresh your skills to re-enter the workforce
  • Pass your accounting class
  • Understand your small business finances
Watch the Video

Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials

Read all 2,645 reviews

Features

PRO

PRO Plus

Features
Lifetime Access (One-Time Fee)
Explanations
Quizzes
Q&A
Word Scrambles
Crosswords
Bookkeeping Video Training
Financial Statements Video Training
Flashcards
Visual Tutorials
Quick Tests
Quick Tests with Coaching
Cheat Sheets
Business Forms
All PDF Files
Progress Tracking
Earn Badges and Points
Certificate - Debits and Credits
Certificate - Adjusting Entries
Certificate - Financial Statements
Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
Certificate - Working Capital
Certificate - Financial Ratios
Certificate - Bank Reconciliation
Certificate - Payroll Accounting

About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

Certificates of
Achievement

Certificates of Achievement

We now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping:

  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Payroll Accounting
Badges and Points
  • Work towards and earn 30 badges
  • Earn points as you work towards completing our course
View PRO Plus Features
Course Outline
Take the Tour Join Pro Upgrade to Pro Plus