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Indicate the proper financial statement classification for each of the following accounts: Financial Statement Statement Classification Discount on Long-term Bonds Payable Balance Sheet or Income
Indicate the proper financial statement classification for each of the following accounts:
Financial Statement | Statement Classification | |
---|---|---|
Discount on Long-term Bonds Payable | Balance Sheet or Income Statement | Contra asset,Contra current liability,Contra long-term liability,Current asset,Current liability,ExpenseLong-term liability,Other income/expenseRevenue |
Mortgage Notes Payable | Balance Sheet or Income Statement | Contra assetContra current liabilityContra long-term liabilityCurrent assetCurrent liabilityExpenseLong-term liabilityOther income/expenseRevenue |
Long-term Bonds Payable | Balance Sheet or Income Statement | Contra assetContra current liabilityContra long-term liabilityCurrent assetCurrent liabilityExpenseLong-term liabilityOther income/expenseRevenue |
Bond Interest Expense | Balance Sheet orIncome Statement | Contra assetContra current liabilityContra long-term liabilityCurrent assetCurrent liabilityExpenseLong-term liabilityOther income/expenseRevenue |
Bond Interest Payable | Balance Sheet or Income Statement | Contra assetContra current liabilityContra long-term liabilityCurrent assetCurrent liabilityExpenseLong-term liabilityOther income/expenseRevenue |
Premium on Long-term Bonds Payable | Balance Sheet or Income Statement | Contra assetContra current liabilityContra long-term liabilityCurrent assetCurrent liabilityExpenseLong-term liabilityOther income/expenseRevenue |
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