Bonds issued backed only by the name and reputation of the company are called

Question 23 options:

a) mortgage bonds

b) a sinking fund bond.

c) callable bonds.

d) debenture bonds.

Premium on Bonds Payable

a) is a contra account.

b) is deducted from bonds payable on the balance sheet.

c) is an adjunct account.

d) has a debit balance.