A loan discount is: Multiple Choice a loan used to purchase a bond at a discount, based on a discounted interest rate on a loạn. the same as a bond discount. the interest amount that is subtracted from the loan principal (and effectively prepaid) when a loan is obtained on a discount basis. the interest amount that is paid along with the loan principal when a loan obtained on a straight basis is paid off on the maturity date.

A loan discount is: Multiple Choice a loan used to purchase a bond at a discount, based on a discounted interest rate on a loạn. the same as a bond discount. the interest amount that is subtracted from the loan principal (and effectively prepaid) when a loan is obtained on a discount basis. the interest amount that is paid along with the loan principal when a loan obtained on a straight basis is paid off on the maturity date.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 9Q: What kind of account is the Discount on Bonds Payable? What kind of account is the Premium on Bonds...

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Credit counseling teaches consumers about credit, budgeting, money management, and debt management. The counselor ensures that consumers can pay off their debts without declaring bankruptcy. Counselors also assist the negotiator, who negotiates with creditors on behalf of their clients to reduce interest rates on outstanding debt. Counselors can offer credit counseling to customers before or after they take on debt. Consumer Credit Counseling Services (CCCS) is a non-profit organization that offers credit counseling services. Some organizations can also be for profit. This type of organization comprises a group of professionals who are skilled negotiators.

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hello, I need help please

A loan discount is:
Multiple Choice
a loan used to purchase a bond at a discount, based on a discounted interest rate on a loan.
the same as a bond discount.
the interest amount that is subtracted from the loan principal (and effectively prepaid) when a loan is obtained on a discount basis.
the interest amount that is paid along with the loan principal when a loan obtained on a straight basis is paid off on the maturity date.

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