Match the following statements to the appropriate terms.
1. subject to retirement at a stated dollar amount prior to maturity.
2. that sets forth the terms of a bond issue. select the appropriate term bonds that mature in installments.
3. a measure of a company’s short-term liquidity. select the appropriate term the time that the final payment on a bond is due from the bond issuer.
4. a measure of a company’s solvency. select the appropriate term the rate investors demand for loaning funds to a corporation.
5. bonds issued against the general credit of the borrower.
6. when the contractual rate of interest is less than the market rate of interest.
7.a periodic interest expense that is the same amount each interest period.
a. bonds
b. bond indenture
c. current ratio
d. times interest earned ratio
e. unsecured
f. occurs
g. produces

Exercise 12-7 shown below are comparative balance sheets for flint corporation. flint corporation comparative balance sheets december 31 assets 2017 2016 cash $ 201,348 $ 65,142 accounts receivable 260,568 225,036 inventory 494,487 559,629 land 236,880 296,100 equipment 769,860 592,200 accumulated depreciation—equipment (195,426 ) (94,752 ) total $1,767,717 $1,643,355 liabilities and stockholders’ equity accounts payable $ 115,479 $ 127,323 bonds payable 444,150 592,200 common stock ($1 par) 639,576 515,214 retained earnings 568,512 408,618 total $1,767,717 $1,643,355 additional information: 1. net income for 2017 was $275,373. 2. depreciation expense was $100,674. 3. cash dividends of $115,479 were declared and paid. 4. bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. common stock was issued for $124,362 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. prepare a statement of cash flows for 2017 using the indirect method.