:A dicount on bonds payable .Occurs when a corporation issues bonds with a stated rate more than the market rate A .Occurs when a corporation issues bonds with a stated rate less than the market rate.B O .Is reported under the equity section on the balance sheet.C O .Is a contra-asset account.D

:A dicount on bonds payable .Occurs when a corporation issues bonds with a stated rate more than the market rate A .Occurs when a corporation issues bonds with a stated rate less than the market rate.B O .Is reported under the equity section on the balance sheet.C O .Is a contra-asset account.D

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

:A dicount on bonds payable
.Occurs when a corporation issues bonds with a stated rate more than the market rate A O
.Occurs when a corporation issues bonds with a stated rate less than the market rate .B O
.Is reported under the equity section on the balance sheet.C
.Is a contra-asset account.D

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