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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).

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1. Bond __________ usually occurs every six months.

INTEREST NERTSETI
INTEREST TSTNEERI

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

MATURITY UAYMTIRT
MATURITY MIURYATT

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

LIABILITY LLITAIYBI
LIABILITY YTLIBLIAI

4. A bond that is not secured by property.

DEBENTURE ERUTDBENE
DEBENTURE NBEERDETU

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

DISCOUNT STOCIDUN
DISCOUNT ODUNSCIT

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

PREMIUM RUEMIPM
PREMIUM RIMPEMU

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

EFFECTIVE IETFEFECV
EFFECTIVE IECFFTVEE

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

SINKING NINISKG
SINKING NINGKIS

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

TERM TERM
TERM ERTM

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

AMORTIZATION MATIOANORITZ
AMORTIZATION NTOAZOTAIIRM

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

INDENTURE DNURNTIEE
INDENTURE DNNIEUERT

12. Interest on bonds is usually paid __________________.

SEMIANNUALLY NAEALSMYLNUI
SEMIANNUALLY EMNLLIYNASAU

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

STOCKHOLDERS SEHOCRKLTSDO
STOCKHOLDERS HCSRLOSKDOET

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

ACCRUED EADCRCU
ACCRUED CECRAUD

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

INVESTMENTS TEITVMNESSN
INVESTMENTS SEESTTVMNIN

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

DISCOUNT CSUDOTNI
DISCOUNT DUNSOCTI

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

PREMIUM RUEMIPM
PREMIUM RUPIMME

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

ANNUITY UNNYITA
ANNUITY AITNYNU

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

CALLABLE LAALCEBL
CALLABLE LBELLCAA

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 RGIATHST
STRAIGHT RHTITGSA
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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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