What best describes the discount on bonds payable account? a. A liability b. A contra liability c.

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What best describes the discount on bonds payable account?

a. A liability

b. A contra liability

c. An asset

d. An expense

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:08 AM

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What best describes the discount on bonds payable account? a. A liability b. A contra liability c.

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Cornerstones Of Financial Accounting

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