- 14.1: (a) From what sources might a corporation obtain funds through long...
- 14.2: Potlatch Corporation has issued various types of bonds such as term...
- 14.3: Distinguish between the following interest rates for bonds payable:...
- 14.4: Distinguish between the following values relative to bonds payable:...
- 14.5: Under what conditions of bond issuance does a discount on bonds pay...
- 14.6: How should discount on bonds payable be reported on the financial s...
- 14.7: What are the two methods of amortizing discount and premium on bond...
- 14.8: Zopf Company sells its bonds at a premium and applies the effective...
- 14.9: Briggs and Stratton reported unamortized debt issue costs of $5.1 m...
- 14.10: Will the amortization of Discount on Bonds Payable increase or decr...
- 14.11: What is the call feature of a bond issue? How does the call feature...
- 14.12: Why would a company wish to reduce its bond indebtedness before its...
- 14.13: How are gains and losses from extinguishment of a debt classified i...
- 14.14: What is done to record properly a transaction involving the issuanc...
- 14.15: How is the present value of a non-interest-bearing note computed?
- 14.16: When is the stated interest rate of a debt instrument presumed to b...
- 14.17: What are the considerations in imputing an appropriate interest rate?
- 14.18: Differentiate between a fixed-rate mortgage and a variablerate mort...
- 14.19: What is the fair value option? Briefly describe the controversy of ...
- 14.20: Pierre Company has a 12% note payable with a carrying value of $20,...
- 14.21: What disclosures are required relative to long-term debt and sinkin...
- 14.22: What is off-balance-sheet financing? Why might a company be interes...
- 14.23: What are some forms of off-balance-sheet financing?
- 14.24: Explain how a non-consolidated subsidiary can be a form of off-bala...
- 14.25: What are the types of situations that result in troubled debt?
- 14.26: What are the general rules for measuring gain or loss by both credi...
- 14.27: (a) In a troubled-debt situation, why might the creditor grant conc...
- 14.28: What are the general rules for measuring and recognizing gain or lo...
- 14.29: What is meant by accounting symmetry between the entries recorded b...
- 14.30: Under what circumstances would a transaction be recorded as a troub...
Solutions for Chapter 14: Long-Term Liabilities
Full solutions for Intermediate Accounting | 15th Edition
ISBN: 9781118147290
Solutions for Chapter 14
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Summary of Chapter 14: Long-Term Liabilities
This expansive textbook survival guide covers the following chapters and their solutions. Chapter 14: Long-Term Liabilities includes 30 full step-by-step solutions. This textbook survival guide was created for the textbook: Intermediate Accounting, edition: 15. Since 30 problems in chapter 14: Long-Term Liabilities have been answered, more than 39280 students have viewed full step-by-step solutions from this chapter. Intermediate Accounting was written by and is associated to the ISBN: 9781118147290.
Key Business Terms and definitions covered in this textbook
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accounting profit
total revenue minus total explicit cost
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appreciation
an increase in the value of a currency as measured by the amount of foreign currency it can buy
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budget deficit
a shortfall of tax revenue from government spending
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capital requirement
a government regulation specifying a minimum amount of bank capital
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circular-flow diagram
a visual model of the economy that shows how dollars flow through markets among households and firms
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cost–benefit analysis
a study that compares the costs and benefits to society of providing a public good
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cross-price elasticity of demand
a measure of how much the quantity demanded of one good responds to a change in the price of another good, computed as the percentage change in quantity demanded of the first good divided by the percentage change in price of the second good
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cross-price elasticity of demand
a measure of how much the quantity demanded of one good responds to a change in the price of another good, computed as the percentage change in quantity demanded of the first good divided by the percentage change in price of the second good
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depression
a severe recession
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efficiency wages
above-equilibrium wages paid by firms to increase worker productivity
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efficient scale
the quantity of output that minimizes average total cost
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incentive
something that induces a person to act
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inferior good
a good for which, other things being equal, an increase in income leads to a decrease in demand
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life cycle
the regular pattern of income variation over a person’s life
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marginal change
a small incremental adjustment to a plan of action
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median voter theorem
a mathematical result showing that if voters are choosing a point along a line and each voter wants the point closest to his most preferred point, then majority rule will pick the most preferred point of the median voter
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money
the set of assets in an economy that people regularly use to buy goods and services from other peopl
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monopoly
a firm that is the sole seller of a product without close substitutes
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principal
a person for whom another person, called the agent, is performing some act
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theory of liquidity preference
Keynes’s theory that the interest rate adjusts to bring money supply and money demand into balance