Bond investments are long-term assets that earn interest revenue,while bonds payable are long-term liabilities that incur interest expense.

Question

Quizplus · Accepted Answer

This statement is true. Bond investments involve purchasing bonds, which generate revenue in the form of interest payments. On the other hand, bonds payable are a type of long-term debt that a company issues and must pay interest on over time.

Bond Investments Are Long-Term Assets That Earn Interest Revenue,while Bonds