Johansen Company issued a bond at a discount. Which of the following shows how the issuance of the bonds affects the financial statements? A. B. C. D. Assets Liabilities + + Multiple Choice O O Balance Sheet OO Option A Option C Option B Option D Stockholders' Equity n/a n/a n/a Revenue n/a n/a n/a n/a Income Statement Expense + n/a + n/a = Net Income Statement of Cash Flows +0A +FA +FA +0A - n/a n/a

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Johansen Company issued a bond at a discount. Which of the following shows how the issuance of the bonds affects the financial statements?
Balance Sheet
A.
C.
D.
Assets = Liabilities +
Multiple Choice
O
O
OO
Option A
Option C
Option B
Option D
Stockholders'
Equity
n/a
n/a
n/a
Revenue
n/a
n/a
n/a
n/a
Income Statement
Expense
+
n/a
+
n/a
= Net Income Statement of Cash Flows
+OA
+FA
+FA
+OA
n/a
n/a
Transcribed Image Text:Johansen Company issued a bond at a discount. Which of the following shows how the issuance of the bonds affects the financial statements? Balance Sheet A. C. D. Assets = Liabilities + Multiple Choice O O OO Option A Option C Option B Option D Stockholders' Equity n/a n/a n/a Revenue n/a n/a n/a n/a Income Statement Expense + n/a + n/a = Net Income Statement of Cash Flows +OA +FA +FA +OA n/a n/a
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