Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

11. Long Term Liabilities

Introduction to Bonds and Bond Characteristics

Financial Accounting

11. Long Term Liabilities

Introduction to Bonds and Bond Characteristics

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

When the maturities of a bond issue are spread over several dates, the bonds are called:

Serial bonds

Convertible bonds

Term bonds

Callable bonds

Previous problemNext problem

Verified step by step guidance

Understand the concept of bond maturities: Bonds can have different maturity structures, meaning the dates when the principal amount is repaid can vary.

Learn the definition of serial bonds: Serial bonds are a type of bond issue where the total principal amount is divided into portions, and each portion matures on different dates over a period of time.

Compare serial bonds with other types of bonds: Convertible bonds can be converted into equity, term bonds have a single maturity date, and callable bonds can be redeemed by the issuer before maturity.

Identify the key characteristic of the bond described in the problem: The maturities are spread over several dates, which aligns with the definition of serial bonds.

Conclude that the correct answer is 'Serial bonds' based on the explanation and comparison of bond types.