383
Chapter 8
Non-Current Liabilities
Assessment Questions
AS-1 (
1
)
Name the typical forms of non-current debt.
AS-2 (
1
)
What is a bond?
AS-3 (
4
)
An investor pays $83,333 for a bond, but will receive $100,000 when the bond matures. Has
the investor bought the bond at a discount or at a premium?
learning outcomes
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❶
State the characteristics and different types
of bonds
❷
Apply the concept of present value
❸
Record bonds issued at par
❹
Record bonds issued at a discount or a
premium
❺
Record the retirement of bonds
❻
Record instalment notes payable
❼
Describe how non-current liabilities are
presented on the balance sheet
❽
Apply controls and ethics related to non-
current liabilities
