Which of the following is not a true statement regarding Bond Interest Payable? Multiple Choice Bond interest payable is recorded at year-end to accrue bond interest expense for the months between the last interest date, and year-end. Bond interest payable will be reversed at the next interest date after year end. A bond issued between interest dates requires the bondholder to prepay six months' interest. An adjusting entry which includes bond interest payable at year end may not be required.

Which of the following is not a true statement regarding Bond Interest Payable? Multiple Choice Bond interest payable is recorded at year-end to accrue bond interest expense for the months between the last interest date, and year-end. Bond interest payable will be feversed at the next interest date after year end. A bond issued between interest dates requires the bondholder to prepay six months' interest. An adjusting entry which includes bond interest payable at year end may not be required