a discount on bonds payable

MC Qu. 64 A discount on bonds payable: A discount on bonds payable 0 Increases the Bond Payable account. O Occurs when a company issues bonds with a contract rate more than the market rate Occurs when a company issues bonds with a contract rate more than the market rate O Decreases the total bond interest expense O Occurs when a company issues bonds with a Occurs when a company issues bonds with a contract rate less than the market rate O is not allowed in many states to protect creditors References Mc Ou. 64 A discount on Multiple Choice