Each questions should be answered in 3-4 sentences.

1. Describe how corporations finance their operations.
2. Describe a bond and its characteristics. .
3. Explain face amount, discount, and premium relating to bond issuance.
4. How are bonds amortized?
5. Explain bond redemption.
6. What are installment notes?
7. Explain the reporting of long-term liabilities, such as bonds payable and notes payable.
8. How is times-interest-earned computed?