ACCT 551 Week 3 (Homework, Discussions & Quiz)
ACCT 551 Week 3 Homework Assignment: E14-9(LO1), E14-14(LO1,2)
ACCT-551 Week 3 Quiz (2 Practice Versions – View Questions)
ACCT-551 Week 3 Discussion 1: Codification Research Case
Wie Company has been operating for just 2 years, producing specialty golf equipment for women golfers. To date, the company has been able to finance its successful operations with investments from its principal owner, Michelle Wie, and cash flows from operations. However, current expansion plans will require some borrowing to expand the company’s production line…………
Name: Jennifer Lucas
Status: Online ⬤
Classes Taken: 3878
ACCT 551 Week 3 Discussion 2: Long-Term Liabilities
In reviewing the Becker materials, the lecture, and your eBook reading for this week, there are several considerations. First being the issue price of the bonds payable. Should it be at discount or at a premium? The second consideration is the method used to amortize the bonds discount/premium. The third one is the decision to issue the bonds payable between the interest dates and the fourth but not the last one is the extinguishment of bonds payable.
Now discuss with suitable examples how the issue price of bonds payable is determined? When does the issue price results in a discount issue or a premium issue? What are the two methods of amortization of bonds discount/premium and how they are different from each other? …………..