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WHO AM I :question: (An issuer :!!:(I issued a stock or bond) ((Bonds…

- - - - :star:Record in the Non-Current Liabilities Section of the Balance Sheet under “Bonds Payable.” Amortize premiums and discounts to this account. Use interest expense and interest payable for interest payment dates and FYE accruals. Remember that a bond could be redeemed/recalled/retired early and that you must calculate a gain/loss on this transaction.:star:
    - - :star:Record in Shareholder’s Equity of the Balance Sheet under “Common Shares” or “Preferred Shares.” Record declarations and payments of Dividends (using contra-equity account “Cash Dividends”). Record declarations and distributions of stock dividends (using contra equity account “Stock Dividends Distributable”). Update the number of shares in a stock split. :star:
- - - - :arrow_right:Stocks or Shares
        
        :star:Record in the Current Assets section of Balance Sheet “Investments at FVTPL - Equity.” Adjust this account to the market or fair value at FYE. This adjustment creates holding gain or loss that is recorded in the "Investment Income or Loss" account. Record gain or loss on sale of this investment to the same "Investment Income or Loss account".:star:
      - :arrow_right:Bonds
        
        :star:Record in Current Assets section of Balance Sheet “Investments at FVTPL - Bonds.” Adjust this account to the market or fair value at FYE. This adjustment creates holding gain or loss that is recorded in the "Investment Income or Loss" account. Record gain or loss on sale of this investment to the same "Investment Income or Loss account".:star:
    - - :arrow_right:Common Shares (<20%)
        
        :star:Record in the Current Assets section of Balance Sheet “Investments at FVTPL - Equity.” Adjust this account to the market or fair value at FYE. This adjustment creates holding gain or loss that is recorded in the "Investment Income or Loss" account. Record gain or loss on sale of this investment to the same "Investment Income or Loss account".:star:
      - :arrow_right:Common Shares (20-50%)
        
        :star:Record. in Non-Current Assets section of Balance Sheet “Investment in Associate.” Our portion of Net Income is debited to this account, and our portion of the Dividend is credited to this account.:star:
      - :arrow_right:Common Shares (>50%)
        
        :star:Report consolidated financial statements. We save that for Intermediate Accounting!!:star:
    - - :arrow_right:Treasury Bills (T-Bills)
        
        :star:Record in Current Assets section of Balance Sheet, “Investments at Amortized Cost -TBills.” Difference between purchase price and maturity value is recorded in interest revenue.:star:
      - :arrow_right:Bonds
        
        :star:Record in Non-Current Assets section of Balance Sheet “Investment at Amortized Cost - Bonds.” Amortize premiums and discounts to the asset account. Use interest revenue and interest receivable for interest payment dates and FYE accruals.:star: