At the maturity date of a bond payable:
A)the discount on bonds payable will have been amortized to zero.
B)the premium on bonds payable will have been amortized to zero.
C)the carrying value of the bonds will always be equal to the par value of the bonds.
D)all of the above will occur.

Question

Quizplus · Accepted Answer

At the maturity date of a bond payable, both the discount and premium on bonds payable will have been fully amortized to zero, and the carrying value of the bonds will equal the par value.

At the Maturity Date of a Bond Payable