Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-A bond discount is reported on the financial statements in the

Question

Use the present value and future value tables included in Appendix 8 and on the textbook companion website. 
-A bond discount is reported on the financial statements in the

Quizplus · Accepted Answer

A bond discount represents a liability that is recorded in the liabilities section of the balance sheet. This is because the bond was initially sold for less than its face value, and the company is responsible for paying back the bondholders the full face value at maturity. The discount represents the difference between the initial sale price and the face value.

Use the Present Value and Future Value Tables Included in Appendix