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1
1. How should discount on bonds payable be reported on the financial statements? Premium on bonds payable?
2. Explain. Will the amortization of Discount on Bonds Payable increase or decrease Bond Interest Expense?
If you wanted to insert the same company logo onto the right-hand corner of every slide in the pitchbook (footer), which of the following slide views would you open to complete the task the quickest?
Review Later
Slide Master
Slide Sorter
Outline View
Normal
Handout Master
Note Master
Expert Solution
1.In balance sheet, discount (premium) on bonds payable should be reported as a direct deduction from (addition to) the bond face value . Both of these are liability valuation accounts.
2.The amortization of discount on bonds payable leads to increase in the bond interest expense. Because with the amortization of the discount on bonds payable, the value of the bond is increased and as a result interest expense on the bond also gets increased.
OPTION B---------Slide Master
Slide Master option is used when logo is required on same position in every slide.Hence to insert same company logo onto right hand side of every slide in pitch book, Slide Master is used.
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