Questions from Financial Accounting

Q: Name at least four items withheld from employee payroll checks. Which

Name at least four items withheld from employee payroll checks. Which deductions are required by law and which are voluntary?

Q: Name at least four employer costs in addition to the employee’s salary

Name at least four employer costs in addition to the employee’s salary. Which costs are required by law and which are voluntary?

Q: What is capital structure? How do the capital structures of Ford

What is capital structure? How do the capital structures of Ford and Microsoft differ?

Q: If bonds issue at a discount, is the stated interest rate

If bonds issue at a discount, is the stated interest rate less than, equal to, or more than the market interest rate? Explain.

Q: If bonds issue at a premium, is the stated interest rate

If bonds issue at a premium, is the stated interest rate less than, equal to, or more than the market interest rate? Explain.

Q: If bonds issue at a discount, what happens to the carrying

If bonds issue at a discount, what happens to the carrying value of bonds payable and the amount recorded for interest expense over time?

Q: If bonds issue at a premium, what happens to the carrying

If bonds issue at a premium, what happens to the carrying value of bonds payable and the amount recorded for interest expense over time?

Q: Explain how each of the columns in an amortization schedule is calculated

Explain how each of the columns in an amortization schedule is calculated, assuming the bonds are issued at a discount. How is the amortization schedule different if bonds are issued at a premium?

Q: Why would a company choose to buy back bonds before their maturity

Why would a company choose to buy back bonds before their maturity date?

Q: If bonds with a face amount of $250,000 and

If bonds with a face amount of $250,000 and a carrying value of $280,000 are retired early at a cost of $330,000, is a gain or loss recorded by the issuer retiring the bonds? How does the issuer recor...