Intermediate Accounting Ch 6

Term Time Value of Money |

| Definition a relationship between time and money |

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Term Present Value-Based Accounting Measurements: Notes |

| Definition valuing non-current receivables and payable that carry no stated interest rate or a lower than market interest rate. |

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Term Present Value-Based Accounting Measurements: Leases |

| Definition Valuing assets and obligations to be capitalized under long-term leases and measuring the amount of the lease payments and annual leasehold amortization. |

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Term Present Value-Based Accounting Measurements: Pensions and other Post-retirement Benefit |

| Definition measuring service cost components of employers' post-retirement benefits expense and obligations |

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Term Present Value-Based Accounting Measurements: Long-term assets |

| Definition evaluting alternative long-term investments by discounting future cash flows. determining the value of assets acquired under deferred payment contracts. measuring impairments of assets. |

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Term Present Value-Based Accounting Measurements: Stock-Based Compensation |

| Definition Determining the fair value of employee services in compensatory stock-option plans. |

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Term Present Value-Based Accounting Measurements: Business Combinations |

| Definition Determining the value of receivables, payables, liabilities, acrrruals, and commitment acquired or assumed in a "purchase." |

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Term Present Value-Based Accounting Measurements: disclosures |

| Definition measuring the value of future cash flows from oil and gas reserves for disclosure in supplementary information. |

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Term Present Value-Based Accounting Measurements: environmental liabilities |

| Definition determining the fair value of future obligation for asset retirements. |

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Term interest |

| Definition payment for the use of money |

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Term principal |

| Definition excess cash received or repaid over and above the amount...