Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-The net amount of a bond liability that appears on the balance sheet is the

Question

Use the present value and future value tables included in Appendix 8 and on the textbook companion website. 
-The net amount of a bond liability that appears on the balance sheet is the

Quizplus · Accepted Answer

The net amount of a bond liability that appears on the balance sheet is the face value of the bond plus related premium or minus related discount. This is because the face value represents the amount borrowed, and any adjustments for premiums or discounts are added or subtracted from that amount to arrive at the net liability.

Use the Present Value and Future Value Tables Included in Appendix