Posts Tagged: bearer bonds

A Christmas Miracle?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

A single father stumbles upon $50K in bonds in a discarded Christmas box and tries to return the money to the owner. Questions: 1. What are bearer bonds? What types of journal entries are associated with them for the issuer? Give examples. 2. What had Mr. Tran done that made these bonds worthless? What do… Read more »