Accounting
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each of the black spaces below before clicking
on it to display the answer.
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| Face Value/ par value | The principal amount of the bond as stated on the bond cerificate
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| Debenture Bonds | Bonds not backed by specific collateral
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| Collateral | Assets that back bonds in case ussuer cannot make the interest payments
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| Term Bonds | Bonds that mature on the same date
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| Serial bonds | Bonds that mature on various dates
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| Callable Bonds | Bonds that may be retired prior to maturity at option of issuer
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| Face Rate of interest | rate of interest on the bond certificate
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| Market rate of interest | The rate of interest that investors could obtain by investing in other similar bonds
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| Bond Issue price | The present value of interest payments and face value
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| Premium | The excess of issue price over the face value
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| Discount | The excess of face value over the issue price
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| Investing interest method of amortization | process of transfering a portion of the premium or discount to interest expense
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| carrying value | The face value of a bond plus the amount of unamrtized premium or minus the amount of unamortized discount
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| Dept Financing | Financing by borrowing from banks or other creditors
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| Equity Financing | Financing by issuing stock
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| Authorized Shares | The maximum number of shares of stock a corporation may issue as indicated in the corporate charter
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| Issued shares | number of shares distributed to stockholders
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| outstanding shares | number of shares issued less the number of shares held as treasury sock
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| Par value | An arbitrary amount stated on the face of the stock certificate. the legal capital of the corporation
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| Additional paid in capital | the amount receivedfor the issuance of stock in escess of the par value
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| Reatained Earnings | Net income earned but not paid out in dividends
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| Prefered stock | Capital stock that offers a preference to dividends declared. paid before common
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| cumulative feature | feature of prefered stock. right to recieve unpaid dividends from previous years before current dividends are distributed
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| common stock | stock that provides voting rights and rights to dividends after distributed to prefered stockholders
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| Treasury Stock | Capital stock that is repurchased by the issueing firm.
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| Dividends | distribution of net income of a business to its owners
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| stock split | creation of additional shares of stock with a reducation of par value
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| Statement of Stockholders Equity | difference between beginning and ending balances for all accounts in the stockholders equity section of the balance sheet. Replaces statement of RE
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| Dividened payout ratio | The annual Dividend amount divided by the annual net income
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| Market Value Per share | The selling price of the stock as indicated by the most recent transaction
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| Cash Equivalent | An item readily convertible to a known amount of cash and with a maturity to the investor of three months or less.
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| operating activities | acquisition and sale of products and services; collection of customer accounts, payments to suppliers, payments of wages
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| Investing activities | acquisition and disposal of long-term assets; Purchase or sale of plant and equipment
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| Financing activities | raising and repayment of funds in the form of long-term debt and equity; Issuance and repayment of capital stock and bonds
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| Direct method | for operating activities section of Statement of CF. Cash receipts and Cash payments are recorded
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| Indirect Method | for operating activities section of Statement of CF. net income is reconciled to net cash flow from operations
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| Noncash Investing and Financing Activities | Important investing and financing activities that do not affect cash.
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| dept/equity ratio | measure to help bankers with company's ability to meet its principal and interest obligations
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| Relative Value | A measure of the relative worth of investment in a company. Stock market price per share to the companies earnings per share
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