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

Exercise 54

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

_____The use of borrowed money on which the interest cost is different from the rate of return on the investment of the borrowed funds.