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The above link states Bonds payable are recorded when a company issues bonds to generate cash. As a bond issuer, the company is a borrower.
The above link states Bonds payable are recorded when a company issues bonds to generate cash. As a bond issuer, the company is a borrower. As such, the act of issuing the bond creates a liability. Thus, bonds payable appear on the liability side of the companys balance sheet. Generally, bonds payable fall in the noncurrent class of liabilities.
Please read and provide your opinion as to when bonds payable are current and noncurrent liabilities. Please provide an example of each.
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