Accounting for bond premium amortization

    • [DOC File]Godgift

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      The annual interest expense and the premium amortization will be the same over the life of the bonds for the amortization of bond premium. d. The annual interest expense will increase and the discount amortization will decrease over the life of the bonds for the amortization of bond discount.

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    • [DOC File]CHAPTER 1

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      Requires debiting Premium on Bonds Payable when Bond Interest Expense is recorded.(payment &/or accruals) Amortizing premium up-dates the book value of the bond (decreases book value—at maturity book value equal face). Two methods of amortization: Straight-line—same as for a discount.

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    • [DOCX File]Statutory Accounting Principles Working Group

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      7. Amortization of a premium increases bond interest expense, while amortization of a discount decreases bond interest expense. 8. A bond may only be issued on an interest payment date. 9. The cash paid for interest will always be greater than interest expense when using effective-interest amortization for a bond. 10.

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    • [DOCX File]Chapter 10

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      Bond interest expense. is calculated by the contract rate on face value plus (minus) the discount (premium) amortization. (This is true whether using straight-line or effective interest method of amortization.) Carrying Value-face value of bond less unamortized discount or plus unamortized premium.

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    • Amortization of Bond Premium | Step by Step Calculation with Exa…

      Bond premiums are amortized over the life of a bond, using either the straight-line or effective-interest method. When bond premium amortization is recorded, the amount of bond premium is reduced. The reduction reported in the note is the result of the required amortization of the bond premium.

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    • [DOC File]Accounting for Bonds For each of the following situations ...

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      a. Under the straight-line method, the premium to be amortized in each period equals the bond premium divided by the number of interest payments during the life of the bond. b. The effective interest method is applied to the amortization of bond premiums in almost exactly the same way as it is applied to the amortization of bond discounts.

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    • [DOC File]Accounting for Bonds

      https://info.5y1.org/accounting-for-bond-premium-amortization_1_f3e3c2.html

      Accounting 2210 Zeigler: Chapter 10 – Accounting for Bonds. For the three independent scenarios below, determine the bond selling price and prepare an amortization schedule using the “Effective Interest Rate Method” as illustrated in Chp 10 & Appendix “F”.

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    • [DOC File]Practice Problem 2

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      The premium amortization for each interest period is $400 ($2,000 ( 5). The entry to record the first accrual of interest on December 31 is: Dec. 31 Bond Interest Expense 9,600. Premium on Bonds Payable 400. Bond Interest Payable 10,000 (To record accrued bond interest and amortization of bond premium)

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    • [DOC File]CHAPTER 10

      https://info.5y1.org/accounting-for-bond-premium-amortization_1_0cf682.html

      7. Amortization of a premium increases bond interest expense, while amortization of a discount decreases bond interest expense. 8. A bond may only be issued on an interest payment date. 9. The cash paid for interest will always be greater than interest expense when using effective-interest amortization for a bond. 10.

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    • [DOC File]Module 1 Instructor's Notes - Le Moyne College

      https://info.5y1.org/accounting-for-bond-premium-amortization_1_6ce091.html

      Interest income for any period consists of interest collected during the period, the change in the due and accrued interest between the beginning and end of the period as well as reductions for premium amortization and interest paid on acquisition of bonds, and …

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