Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 47

Following are a number of the key terms and concepts introduced in the chapter, along with a list of corresponding definitions. Match the appropriate letter for the key term or concept to each definition provided (items 1–10). Note that not all key terms and concepts will be used.

a. Accounts payable	i. Registered bonds
b. Unearned revenue	j. Contra liability
c. Debenture bond	k. Proceeds
d. Long-term debt	l. Carrying value
e. Leverage	m. Coupon bond
f. Bond payable	n. Deferred tax liabilities
g. Bond indenture	o. Consolidated financial statements
h. Trustee of bonds

_____A bond for which the owner’s name and address are not known by the issuer and/or trustee. Interest is received by clipping and submitting to the issuer interest coupons that are attached to the bond.