Match the following key accounting terms to the correct definition. 4 Generally Accepted Accounting Principles * Asset Deferred adjusting entry Internal Control 4 Serial Bond Bond Discount * Bonds Financial Leverage Contra-Asset account - Stated Rate 4 Contingent liability 4 Depreciation Expense 1. The systematic and rational allocation of the cost of an asset to expense over time. 2. The rate of interest that a company will pay/investor receives on a given debt. 3. An entry prepared at the end of the accounting period that adjusts an amount that is already on the books to reflect revenues earned or expenses incurred. 4. An entry made at the end of the accounting period to accrue (record) an amount for the first time on the company's books to reflect revenue earned or expenses incurred. 5. A long-term debt usually loaned by a single financial institution to the company; can be for varying amounts. 6. Occurs when the bond's issue price is > face value. 7. A liability that you never need to record. 8. Accounting guidelines overseen/created by the FASB for US companies. 9. Accounting guidelines overseen/created by the IASB for international companies. 10. Occurs when a company earns more income on borrowed money than the related interest expense. earns more income on borrowed money than the related interest expense. 11. The organizational plan and all related measures adopted by an entity to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate and reliable accounting records. 12. A long-term debt issued to multiple lenders, usually in $1,000 increments. 13. Economic resources expected to benefit the company in the future; something the company owns or controls. 14. Occurs when a bond's issue price is