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

Exercise 62

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 long-term liability that arises because of timing differences in the recognition of items (principally depreciation expense) for book purposes and tax purposes.