In this assignment, you will compute the issue price for bonds issued at par and determine the amount of interest expense that should be recorded on the financial statement during various dates. In addition, you will compute the amount of interest that should be paid to bond holders as of specific interim dates.
Complete P10-2 (page 536) and CP10-2 (page 541) from Chapter 10 of your Financial Accounting textbook.
Submission Requirements
All quantitative assignments must be completed on the Microsoft Excel templates provided. Create one workbook with multiple tabs, copying each problem’s template onto a separate tab and completing the work there. Submit this single file in the assignment area. Include your name and the assignment number in the file name; also include your name and the problem number on each tab of the document. All work should be shown. Assignments must not be submitted as a PDF.
Refer to the scoring guide for this assignment to ensure that you meet the grading criteria. Note that one scoring guide is used to evaluate both of the problems in this assessment; each criterion in the scoring guide relates to one or both of the problems here.
Statement of Cash Flows
Activity Instructions
In this assignment, you will create and analyze the statement of cash flows. Based on your analysis, you will interpret and discuss the implications of the analysis to support any conclusions developed.
Complete P12-5 (page 634) and CP12-2 (page 637) from Chapter 12 of your Financial Accounting textbook.
Course Reflection
Throughout the course, you have been building toward the achievement of the following competencies:
- Apply theories, models, and practices of accounting in the construction and analysis of financial statements.
- Examine regulatory, ethical, and credibility issues in accounting.
- Integrate accounting theories, models, and practices across the organization.
- Integrate accounting analyses into general business management planning and decision making.
- Communicate in a manner that is professional and consistent with expectations for members of the business professions.
For this discussion, reflect on the knowledge and skills you have developed over the past six weeks. Address the following questions in your post:
- For each competency, how has your ability to perform these skills and apply this knowledge evolved?
- What concepts, skills, or insights were most relevant to you?
- How have you grown in your academic and professional goals?
- Have you made progress on any items in the action plan you developed during first course?
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