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| Learning Objectives are classified as conceptual, analytical, or procedural.
After completing this chapter you should be able to: Conceptual C1 Explain the types and payment patterns of notes. C2 Appendix 14A—Explain and compute the present value of an amount(s) to be paid at a future date(s). Analytical A1 Compare bond financing with shares financing. A2 Assess debt features and their implications. A3 Compute the debt-to-equity ratio and explain its use. Procedural P1 Prepare entries to record bond issuance and interest expense. P2 Compute and record amortization of bond discount. P3 Compute and record amortization of bond premium. P4 Record the retirement of bonds. P5 Prepare entries to account for notes. |