When bonds payable are accounted for net of discount,the initial amount recorded in the Bonds Payable,Net account is the issue price of the bond.

Question

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When bonds payable are accounted for net of discount, the initial amount recorded in the Bonds Payable, Net account is the issue price of the bond, which is calculated by subtracting the discount from the face value of the bond.

When Bonds Payable Are Accounted for Net of Discount,the Initial