In connection with the examination of bonds payable, an auditor would expect to find in a bond agreement:

Question

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The issue date and maturity date of the bond are important for determining the age of the bonds and when they will need to be repaid. This information can also be used to calculate interest expense and amortization of any bond premiums or discounts. The names of the original subscribers and the company's debt-to-equity ratio are not typically included in a bond agreement. The yield to maturity may be disclosed in the bond agreement, but it is not always required.

In Connection with the Examination of Bonds Payable, an Auditor