When bonds are retired at their maturity date,the balance in the Bonds Payable account is equal to the bond's:
A)face value minus any premium amortized.
B)face value plus interest to be paid.
C)face value plus any discount amortized.
D)face value.

Question

Quizplus · Accepted Answer

At the maturity date,the bonds payable carrying value is equal to the face value of the bonds.

When Bonds Are Retired at Their Maturity Date,the Balance in the Bonds