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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 IEETTRNS
INTEREST TTNRIESE

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

MATURITY TUMTRIYA
MATURITY RIAUYMTT

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

LIABILITY TAYLIILIB
LIABILITY LYIIBAITL

4. A bond that is not secured by property.

DEBENTURE DERUTNBEE
DEBENTURE EUTRENEDB

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

DISCOUNT OTCDNISU
DISCOUNT NTCODIUS

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

PREMIUM MIMUPRE
PREMIUM MMIPURE

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

EFFECTIVE IFEECVEFT
EFFECTIVE EEFTFCEVI

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

SINKING ISINGKN
SINKING NKSIGIN

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

TERM MERT
TERM RTME

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

AMORTIZATION ZIOOAMTNTIAR
AMORTIZATION MIIATOANROTZ

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

INDENTURE ERTNNEUID
INDENTURE NIUNEDERT

12. Interest on bonds is usually paid __________________.

SEMIANNUALLY NMNUAYASLELI
SEMIANNUALLY ALIUSNNLAYEM

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

STOCKHOLDERS TDLCEKOSROSH
STOCKHOLDERS SDEKOLTCRSOH

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

ACCRUED CRDUAEC
ACCRUED DACURCE

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

INVESTMENTS SSTMENEIVTN
INVESTMENTS ETSNTSIEVMN

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

DISCOUNT IOSNCUTD
DISCOUNT DOITUNCS

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

PREMIUM MUPRIME
PREMIUM MERPMUI

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

ANNUITY NAUIYTN
ANNUITY INAUNYT

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

CALLABLE ALBCLAEL
CALLABLE EACABLLL

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 GATRSHTI
STRAIGHT GTTIHSRA
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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.

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