The Discount on Bonds Payable account is shown on the balance sheet as:
A) An asset
B) An expense
C) A contra-liablity
D) As a reduction in equity for the discount provided
Answer: C
The Discount on Bonds Payable account is shown on the balance sheet as:
A) An asset
B) An expense
C) A contra-liablity
D) As a reduction in equity for the discount provided
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