[Andrew808]

I understand bonds fairly well, but am hung up on one small portion.

1) If the bond matures 12/31 of Year 10 with the entire principal due at maturity, and i’m reporting at 12/31 Year 9, is the principal reclassified as a Current Liability @ 12/31 Year 9 since it’s due within 12mo of the BS date? I ask this because in my head, it’s the currently maturing portion of the long term debt.

2) Also, is there ever a time where the bond payments will include a portion of the principal? My understanding is that it is not paid concurrently with interest; and only Trade Notes Payable factors in the principal payments with the interest payments on the note.

Any help is appreciated!