Chapter 7 Liabilities Part I.Objectives and requirements 1.Account for current and contingent liabilities 2.Account for bonds payable,notes payable,and interest expense 3.Analyze and differentiate financing with debt vs.quity Part II. Contents Account for Current and Contingent Liabilities II.Account for Bonds Payable,Notes Payable,and Interest Expense A Bonds Issuing bonds payable at par (face)value C Issuing bonds payable at a discount III.Financing with Debt Versus Equity Part III.Think and practice 1.How does a note payable differ from an account payable? 2.How does a contingent liability differ from an estimated liability? Part IV.Problems and applications 1.Determine the factor for whether a bond will be issued at par,at a discount, or at a premium 2.Illustrate the advantages and disadvantages of financing with additional debt vs. Part V.Teaching methods Using QQ,Blackboard ete Part VI. 课程思政 深刻理解《习近平在全国国有企业党的建设工作会议上强调：坚持党对 国企的领导不动摇》：“坚持党对国有企业的领导是重大政治原则，必须 以贯之；建立现代企业制度是国有企业改革的方向，也必须一以贯之。中 国特色现代国有企业制度，特就特在把党的领导融入公司治理各环节，把 企业党组织内嵌到公司治理结构之中，明确和落实党组织在公司法人治理 结构中的法定地位，做到组织落实、干部到位、职责明确、监唇严格。” Chapter 8 Stockholders'Equity Part I.Objectives and requirements 1.Explain the features of a corporation 1010 Chapter 7 Liabilities Part I. Objectives and requirements 1．Account for current and contingent liabilities 2．Account for bonds payable, notes payable, and interest expense 3．Analyze and differentiate financing with debt vs. equity Part II. Contents I. Account for Current and Contingent Liabilities II. Account for Bonds Payable, Notes Payable, and Interest Expense A. Bonds B. Issuing bonds payable at par (face) value C. Issuing bonds payable at a discount III. Financing with Debt Versus Equity Part III. Think and practice 1．How does a note payable differ from an account payable? 2．How does a contingent liability differ from an estimated liability? Part IV. Problems and applications 1．Determine the factor for whether a bond will be issued at par, at a discount, or at a premium. 2．Illustrate the advantages and disadvantages of financing with additional debt vs. additional equity. Part V. Teaching methods Using QQ ,Blackboard etc. Part VI. 课程思政 深刻理解《习近平在全国国有企业党的建设工作会议上强调:坚持党对 国企的领导不动摇》：“坚持党对国有企业的领导是重大政治原则，必须一 以贯之；建立现代企业制度是国有企业改革的方向，也必须一以贯之。中 国特色现代国有企业制度，’特’就特在把党的领导融入公司治理各环节，把 企业党组织内嵌到公司治理结构之中，明确和落实党组织在公司法人治理 结构中的法定地位，做到组织落实、干部到位、职责明确、监督严格。” Chapter 8 Stockholders’ Equity Part I. Objectives and requirements 1．Explain the features of a corporation