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Market conditions may force a company to issue its bonds at less than the face value of the bonds. The Discount on Bonds Payable account

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Market conditions may force a company to issue its bonds at less than the face value of the bonds. The Discount on Bonds Payable account is used in this situation. This account is O A. a contra liability account OB. a contra asset account O c. a liability account OD an expense account

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