Bonds payable should be reported as a long-term liability in the balance sheet at:

Name: Bonds payable should be reported as a long-term liability in the balance sheet at:
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Question

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Bonds payable should be reported at their carrying value, which is face value less any unamortized premium or plus any unamortized discount. This reflects the actual amount of debt owed at the reporting date. The other options do not accurately reflect the liability of the bond.

Bonds Payable Should Be Reported as a Long-Term Liability in the Balance