t 3 Content Assessment ed: Apr 9 at 3:23pm uiz Instructions D Question 1 Which o

Question

t 3 Content Assessment ed: Apr 9 at 3:23pm uiz Instructions D Question 1 Which of the following is true of the Discount on Bonds Payable account? O It is subtracted from the Bonds Payable balance and shown with the current liabilities on the balance sheet O It is added to the Bonds Payable balance and shown with stockholders' equity on the balance sheet O It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance O It is added to the Bonds Payable balance and shown with long-term liabilities on the balance sheet Next. No new data to save. Last checked at 3:27pm Submit Sevesal add-ees are ready for une

Explanation / Answer

Discount on bonds payable balance should be deducted from bonds payable balance and bonds payable balance should be shown in long term liabilities in balance sheet.

so answer is c) It is subtracted from bonds payable balance and shown with long term liabilities on the balance sheet

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.