ACC 206 Week 2 Discussion 2 | Assignment Help | Ashford University

ACC 206 Week 2 Discussion 2 | Assignment Help | Ashford University 



Week 2 - Discussion 2



Long-Term Liabilities 



Prior to beginning work on this discussion, read Chapter 14 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).

Write: Make sure your response addressing the prompt is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.

Long-term liabilities are liabilities that do not have to be paid in the current year. Long-term liabilities can be a long-term note or a mortgage and can also be created when the company issues bonds.

·         What are the various types of bonds and their characteristics?

·         Discuss and provide examples of bonds being issued at par, at a discount, and at a premium.

·         Explain the two methods to amortize the bond premium and discount.

·         Give example journal entries for the two different amortization methods.



Guided Response: Respond to at least two of your classmates by commenting on their posts. Though two replies are the basic expectation for class discussions, for deeper engagement and learning you are encouraged to provide responses to any comments or questions others have given to you. Continuing to engage with peers and the instructor will further the conversation and provide you with opportunities to demonstrate your content expertise, critical thinking, and real-world experiences with the discussion topics.

 

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