Question
Joyner Scientific's trial balance shows $155,000 face value of bonds with a discount balance of $1,600. The bonds mature in 10 years. How will
Joyner Scientific's trial balance shows $155,000 face value of bonds with a discount balance of $1,600. The bonds mature in 10 years. How will the bonds be presented on the balance sheet? OA. Bonds payable $153,400 (net of $1,600 discount) will be listed as a long-term liability OB. Bonds payable $155,000 will be listed as a long-term liability. A $1,600 discount on bonds payable will be listed as a contra current liability OC. Bonds payable $155,000 will be listed as a long-term liability. A $1,600 discount on bonds payable will be listed as a current liability OD. Bonds payable $155,000 will be listed as a long-term liability
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