The Discount on Bonds Payable account is shown on the balance sheet as

Name: The Discount on Bonds Payable account is shown on the balance sheet as
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The Discount on Bonds Payable account is a contra long-term liability account because it is subtracted from the face value of the bonds to determine the carrying value of the bonds. It represents the difference between the face value of the bonds and the proceeds received from issuing the bonds, and is a result of the bonds being issued at a discount.

The Discount on Bonds Payable Account Is Shown on the Balance