Week 6 discussion
Bonds and Notes Payable
Let's discuss the differences between bonds and notes payable. How do we account for bonds when they are issued at par, at a premium, and at a discount? What are the required disclosures for notes and bonds payable?
Reflect on the materials you have reviewed for this week, including your e-book, lesson, and Becker material. What are the key features of bonds? Let's also discuss some of the different types of bonds. What are debenture bonds or collateralized bonds? What are callable bonds and what are convertible bonds? How are they accounted for?