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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 IRETNETS
INTEREST RTENTESI

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

MATURITY TUYAMRTI
MATURITY AITTRYMU

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

LIABILITY AILIBILTY
LIABILITY IAYITLIBL

4. A bond that is not secured by property.

DEBENTURE BETRNUDEE
DEBENTURE RENEUBTDE

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

DISCOUNT SUDOITCN
DISCOUNT OCISTDUN

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

PREMIUM MRPUEMI
PREMIUM MREUMPI

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

EFFECTIVE EEFFVCTEI
EFFECTIVE TFIEECVEF

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

SINKING KIISNNG
SINKING IINNGSK

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

TERM TREM
TERM ERMT

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

AMORTIZATION TMAIRAOZTION
AMORTIZATION AITTZOMOINRA

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

INDENTURE ENREDINTU
INDENTURE INREDUNTE

12. Interest on bonds is usually paid __________________.

SEMIANNUALLY NLYSAILNUEAM
SEMIANNUALLY LNAYNAEULISM

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

STOCKHOLDERS OTODRKSSLHEC
STOCKHOLDERS OREDSCLOSKTH

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

ACCRUED RAEUCCD
ACCRUED URCDCEA

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

INVESTMENTS SENSNVTTEIM
INVESTMENTS VMNTENSSIET

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

DISCOUNT COSUITND
DISCOUNT CDSOUTIN

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

PREMIUM MEMIPRU
PREMIUM IURMEMP

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

ANNUITY UYNNIAT
ANNUITY ITAYNUN

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

CALLABLE ABCLLLAE
CALLABLE BLAALECL

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 TATSGIRH
STRAIGHT AGSRHITT
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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

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