Bonds payable less the discount on bonds payable is called the carrying value of the bonds.

Name: Bonds payable less the discount on bonds payable is called the carrying value of the bonds.
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This statement is true. The carrying value of bonds payable is the book value of the bonds on the balance sheet, calculated as the original bond amount less any unamortized discount or plus any unamortized premium.

Bonds Payable Less the Discount on Bonds Payable Is Called