Question
Which of the following is true of a Discount on Bonds Payable account? It is subtracted from the Bonds Payable balance and shown with the
Which of the following is true of a Discount on Bonds Payable account?
| It is subtracted from the Bonds Payable balance and shown with the current liabilities on the balance sheet. | ||
| It is added to the Bonds Payable balance and shown with long-term liabilities on the balance sheet. | ||
| It is added to the Bonds Payable balance and shown with stockholders' equity on the balance sheet. | ||
| It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet. |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 1
1119048532, 978-1119048534
