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A discount on bonds payable Multiple Choice Occurs when a corporation issues bonds with a contract rate less than the market rate Occurs when a
A discount on bonds payable
Multiple Choice
- Occurs when a corporation issues bonds with a contract rate less than the market rate
- Occurs when a corporation issues bonds with a contract rate higher than the market rate
- Is recorded as a contra equity account
- Only occurs when unsecured bonds are issued
- Never happens in the real world
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Financial And Managerial Accounting
Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka
14th International Edition
0071101217, 9780071101219
