Bonds payable: A legal contract for a long-term debt made between the lender and the beneficiary, mostly the company or government bodies, for an agreed interest is termed as bonds. The bonds that are yet to be paid or are outstanding are termed as bonds payable. To determine the amortization of discount on bonds payable increase or decrease bond interest expense.

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Chapter 14, Problem 10Q

To determine

Bonds payable: A legal contract for a long-term debt made between the lender and the beneficiary, mostly the company or government bodies, for an agreed interest is termed as bonds. The bonds that are yet to be paid or are outstanding are termed as bonds payable.

To determine the amortization of discount on bonds payable increase or decrease bond interest expense.

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