The premium on bonds payable account is shown on the balance sheet as a. a contra asset.

Question:

The premium on bonds payable account is shown on the balance sheet as

a. a contra asset.

b. a reduction of an expense.

c. an addition to a long-term liability.

d. a subtraction from a long-term liability.

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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Question Posted: Sep 19, 2024 04:01 AM

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The premium on bonds payable account is shown on the balance sheet as a. a contra asset.

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Cornerstones Of Financial Accounting Current Trends Update

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